Fed’s Miran presses case for faster easing, shelter disinflation will offset sticky goods prices

Fed Governor Stephen Miran, who dissented at the last FOMC meeting in favor of a larger 50bps cut, reinforced his dovish stance in a speech today, arguing that inflation risks are being overstated. Miran acknowledged that the lack of a clear downward trend in core goods prices could argue for keeping rates elevated, but said […]

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