Miran Supports Deeper Interest Rate Cuts
Federal Reserve Governor Stephen Miran expressed support for a "substantial" interest rate cut this year. In an interview on Fox Business Network on Tuesday (February 3), Miran assessed that current monetary policy remains too tight and leaves room for deeper cuts.
He even stated that he expects more than a 1 percentage point interest rate cut through 2026. Miran also downplayed inflation concerns, saying core price pressures are not currently a major issue.
These comments came amid a change in Fed leadership, after Donald Trump announced Kevin Warsh as his candidate for the next Fed Chair. Miran called Warsh a "fantastic" choice, although the market remains wary of whether the policy direction will be tighter—particularly regarding the balance sheet.
Miran also said he is not too focused on the recent volatility in precious metals. In the long term, he stated that he prefers a smaller Fed balance sheet, but acknowledged that this will not be an instantaneous process due to regulatory adjustments.
Source: Newsmaker.id
