Fed should still ease policy amid energy shock – Miran
Governor says his outlook for four rate cuts this year remains unchanged
Stephen Miran has said it is too early for the US Federal Open Market Committee (FOMC) to respond to the impact on prices from the conflict in the Middle East.
In an interview with Bloomberg on March 23, the Federal Reserve governor said there was still “not enough clarity to think that monetary policy itself should adjust in response to what’s happened”.
The conflict has disrupted oil and gas supplies and sent energy prices higher, threatening to place upward pressure on inflation in the US
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