Fed’s Miran Advocates for Policy Focus on 2027 Amid Inflation Concerns
TL;DR Summary
Federal Reserve Governor Miran provides a detailed analysis of the current inflation outlook, emphasizing that shelter inflation reflects past supply-demand imbalances rather than current conditions, and argues that tariffs are unlikely to be the primary driver of recent goods inflation. He suggests that underlying inflation is near target levels, and policy should focus on genuine pressures rather than statistical distortions, advocating for a cautious approach to interest rate adjustments to avoid unnecessary job losses.
- Speech by Governor Miran on the inflation outlook Federal Reserve Board (.gov)
- Fed decisions distorted by ‘phantom inflation’, says Stephen Miran Financial Times
- FED GOV MIRAN/COLUMBIA U: 'EXCESS MEASURED INFLATION IS UNREFLECTIVE OF CURRENT SUPPLY-DEMAND DYNAMICS; 'WE NEED TO MAKE POLICY FOR 2027, NOT 2022' TradingView — Track All Markets
- Fed’s Miran Says ‘Underlying’ Inflation Close to Target Bloomberg.com
- Fed’s Miran Defends Push for Steeper Rate Cuts Despite Elevated Inflation Barron's
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