Fed Governor Miran Argues for Rate Cuts Despite Oil Shock
Fed Governor Stephen Miran argued Monday for gradual rate cuts to support the labor market. He said it is premature to adjust policy despite rising oil prices.
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Federal Reserve Governor Stephen Miran stated on Monday that it remains premature to determine how the current surge in oil prices will impact the economy of the United States. Speaking in an interview with Bloomberg Television, Miran emphasized that a softening labor market continues to justify a reduction in interest rates.
