Fed Governor Miran warns that tight policy risks economic growth

Fed Governor Stephen Miran said on Thursday that high interest rates risk economic growth. He believes low inflation justifies further monetary easing.

Federal Reserve Governor Stephen Miran stated today, February 13, 2026, that the current monetary-policy setting of the Federal Reserve is tighter than commonly perceived and threatens economic growth in the United States USUS. Miran argued for additional interest-rate cuts to address these risks, explicitly stating that he is unconcerned about inflation at this time.
Federal Reserve Board Governor Stephen Miran speaks on "Regulations, the Supply Side, and Monetary Policy" during the Delphi Economic Forum Lecture event, at the National Gallery in Athens, Greece, January 14, 2026. REUTERS/Louisa Gouliamaki
Federal Reserve Board Governor Stephen Miran speaks on "Regulations, the Supply Side, and Monetary Policy" during the Delphi Economic Forum Lecture event, at the National Gallery in Athens, Greece, January 14, 2026. REUTERS/Louisa Gouliamaki
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