Federal Reserve Governor Stephen Miran unpacked the agency’s decision to cut interest rates, more on the status of the US economy and ‘Kudlo’.
The newlywed Federal Reserve Governor Stephen Miran on Friday defended his stance to cut an interest rate of 50 points contrary to 25 points.
“My view is that there are many disruptive forces in the work that are coming to play that will bring down inflation in the near period,” Miran said during an interview on the “Kudlo” of the Fox Business Network.
“For example, low immigration.
Miran also took exception to those who say that tariffs are inflation.
Senate confirmed Stephen Miran to Fed Board by cutting significant rates
Stephen Miran was confirmed by the Federal Reserve Board of Governors on 15 September. (Getty Image / Getty Image)
“I have no evidence that there is inflation from tariff,” he said. “For me, if I was going to seek evidence of tariff’s inflation, I think the import-intensive core goods would inflate more than the overall core goods, which is not the case.”
chairman Donald Trump On August 7, the Federal Reserve Governor Adriana Kugler tapped the White House Council of Economic Advisors who led Miran, who resigned in August to fill the seat vacated by Adriana Kugler. Miran will complete the remaining term of Kugler, which will end on 31 January 2026.
During his nomination, Miran told the MPs that he was hearing on 4 September that he would take unpaid leave from his White House position, while he works in the Board of Governors of the Fed.
President Donald Trump tapped Miran to fill the seat vacated by Federal Reserve Governor Adriana Kugler. (Andrew Harnik / Getty Image / Getty Images)
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Miran also said that he has a positive attitude for the economy for the remaining year.
“Look, I mean, I think the first half of the year was not as strong as I expected, but as I have said, in other places, I think it was a lot of uncertainty,” Miran said.
Miran also said that he has a positive attitude for the economy for the remaining year. (Demetrius Freeman / The Washington Post Getty Image / Getty Image)
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He said, “We had uncertainty that we could have the greatest tax growth in history,” he said. “We had uncertainty because we had a massive change in trade policy. This uncertainty was dissolved, correct? The tax bill was recently passed by the Congress, which survived that big tax. And big, big, trade deals have been made with most of our important business partners.
