Fed’s Miran wants 150 points of rate cuts to boost jobs

Federal Reserve governor Stephen Miran said he is looking for 150 basis points of interest-rate cuts this year to boost the labour market.

Describing monetary policy as restrictive, Miran said underlying inflation is likely running at 2.3 per cent, which means Fed officials have room to cut further.

Source: https://www.afr.com/markets/debt-markets/fed-s-miran-wants-150-points-of-rate-cuts-to-boost-jobs-20260109-p5nspj