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Fed's Miran: I Think Policy Is 150-200 Bps Too Restrictive
Fed's Miran:
— Seaside Trader (@csidetrader) September 25, 2025
I See Shelter Inflation Coming Down In Next 6-12 Months
The Long Term Response To The Recent Fed Rate Cut Was Muted, But Do Expense Them To Come Down
I Think Policy Is 150-200 Bps Too Restrictive
Added at 7:06am
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Fed's Miran:
— Seaside Trader (@csidetrader) September 25, 2025
I’m Probably More Sanguine On Growth Than Many At Fed
Decent Shot At 3% Growth For The Second Half Of 2025 And Into 2026
View Of Rate Cuts Based On Expectation That Neutral Is Being Pushed Lower By Tax Policy And Immigration
Added at 7:07am
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Fed's Miran:
— Seaside Trader (@csidetrader) September 25, 2025
In The Next 6 Months Would Like The Fed To Be A Lot Closer To Neutral; Can Get There In A Series Of Half Point Moves
There Is No Material Evidence Of Tariff Driven Inflation, But That Seems To Be Holding Up Others On The Fed