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Miran: Nonmonetary Forces and Appropriate Monetary Policy
I'd like to thank the Economic Club of New York for the invitation to speak today.1 This is my first time speaking in my new capacity as a member of the Federal Reserve Board. As such, I would like to be transparent on my thinking. Subsequent to last week's meeting of the Federal Open Market Committee (FOMC), it should be clear that my view of appropriate monetary policy diverges from those of other FOMC members; I view policy as very restrictive, believe it poses material risks to the Fed's employment mandate, and would like to explain why. There's no perfect means for determining appropriate monetary policy at any ... (full story)
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*MIRAN: APPROPRIATE FED FUNDS RATE IS ROUGHLY 2% TO 2.5%
— *Walter Bloomberg (@DeItaone) September 22, 2025
*MIRAN: MULTIPLE TRUMP POLICIES ARE LOWERING NEUTRAL RATE
*FED’S MIRAN SAYS CURRENT INTEREST RATES ’VERY RESTRICTIVE’
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- Sep 22, 2025 11:01am Posted by
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