Federal Reserve Governor Stephen Miran said he is not primarily concerned about booming asset prices as the Fed pursues lower interest rates. Speaking at the IIF meeting, he emphasized that monetary policy must prioritize inflation containment and full employment over market froth. He also noted structural shifts—like slower population growth—are influencing housing inflation dynamics, giving room for cuts. Miran’s comments diverge from more cautious Fed voices, signaling internal debate over balancing stability and easing. The remarks renewed debate on rate path clarity.
Federal Reserve Governor Stephen Miran said he is not primarily concerned about booming asset prices as the Fed pursues lower interest rates. Speaking at the IIF meeting, he emphasized that monetary policy must prioritize inflation containment and full employment over market froth. He also noted structural shifts—like slower population growth—are influencing housing inflation dynamics, giving room for cuts. Miran’s comments diverge from more cautious Fed voices, signaling internal debate over balancing stability and easing. The remarks renewed debate on rate path clarity.
Miran reiterates focus on inflation over asset valuations, signaling internal Fed divergence on rate cuts.
Federal Reserve Governor Stephen Miran said he is not primarily concerned about booming asset prices as the Fed pursues lower interest rates. Speaking at the IIF meeting, he emphasized that monetary policy must prioritize inflation containment and full employment over market froth. He also noted structural shifts—like slower population growth—are influencing housing inflation dynamics, giving room for cuts. Miran’s comments diverge from more cautious Fed voices, signaling internal debate over balancing stability and easing. The remarks renewed debate on rate path clarity.
Federal Reserve Governor Stephen Miran said he is not primarily concerned about booming asset prices as the Fed pursues lower interest rates. Speaking at the IIF meeting, he emphasized that monetary policy must prioritize inflation containment and full employment over market froth. He also noted structural shifts—like slower population growth—are influencing housing inflation dynamics, giving room for cuts. Miran’s comments diverge from more cautious Fed voices, signaling internal debate over balancing stability and easing. The remarks renewed debate on rate path clarity.