Federal Reserve (Fed) Governor Stephen Miran said in an interview with Fox Business, released on Friday, that the central bank should cut interest rates, clarifying that the current policy is holding back the job market.
Remarks I think it’s appropriate to cut interest rates
Fed policy is holding back job market. Fed should provide less forward guidance. Less forward guidance will make policy more flexible.
Fed should look through energy shocks. Neither jobs market nor inflation expectations point to higher inflation. Hopes Powell staying on is transitional and nothing more.