Federal Reserve Governor Stephen Miran signals a potential interest rate cut following strong January jobs data, as Trump prepares to nominate Kevin Warsh for Fed chair
Federal Reserve Governor Stephen Miran indicated on Wednesday that an argument could still be made for cutting interest rates, after January’s jobs report exceeded expectations.
In an interview with Fox Business, Miran said, “While today’s jobs data made me feel really good about the economy, I think the truth is that pushing out the supply side of the economy still allows for monetary policy to accommodate that.”
His comments suggest that the Fed could maintain a flexible approach to interest rates, balancing strong employment gains with broader economic conditions.
Miran’s remarks come amid political developments surrounding the Fed. President Donald Trump is expected to nominate his preferred candidate, Kevin Warsh, to fill the vacant chair position. Miran, whose term is ongoing, noted that the future direction of the Fed will hinge on several factors, including decisions by the White House and the Senate.
On the possibility of staying if a seat opens, Miran said, “I absolutely would, but the decision isn’t mine.”
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