Fed’s Miran Advocates for Policy Focus on 2027 Amid Inflation Concerns
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.