Fed's Miran: I Think Policy Is 150-200 Bps Too Restrictive

Just in | Fed's Miran Indicates Closer Alignment with Peers on 2026 Projections Despite Maintaining Conservative Outlook. Fed's Miran: I am still on the low end of 2026 projections, but less daylight between me and others <=USD>:*MIRAN: I DON'T THINK LABOR MARKET IS ABOUT TO FALL OFF A CLIFF ?*MIRAN: NEUTRAL RATE IS DRIFTING DOWN, SO POLICY HAS TO ADJUST Fed's Miran: Housing shows not all financial conditions are loose FED'S MIRAN: ATTRIBUTING ALL CHANGES TO FINANCIAL CONDITIONS TO MONETARY POLICY MAY BE A MISTAKE OTHER FACTORS MAY INCLUDE TAX AND REGULATORY POLICY THE LONGER THAT YOU STAY RESTRICTIVE THE GREATER THE RISK

*FED'S BOWMAN SAYS LABOR MARKET MORE FRAGILE THAN EXPECTED *BOWMAN SAYS FED IS WITHIN RANGE OF FED 2% INFLATION TARGET *BOWMAN SAYS APPROPRIATE TO SHIFT TO JOBS INSTEAD OF INFLATION BOWMAN SAYS TARIFFS WILL HAVE ONE-TIME PRICE IMPACT - Fed's Bowman indicates foreign suppliers are absorbing some tariff costs - This could influence trade dynamics and pricing strategies - Market watchers should keep an eye on the implications for U.S. trade relations

FED'S GOOLSBEE: JOB MARKET SEEMS TO BE COOLING, INFLATION IS GOING UP Fed's Goolsbee: Rates can go down a fair bit more if inflation heads toward 2%, but I'm wary of frontloading rate cuts. FED'S GOOLSBEE: RATES CAN DROP FURTHER IF STAGFLATION RISK FADES CHI FED'S GOOLSBEE Q&A/CRAIN'S: HAVING INFLATION GOAL AT 2% 'SUPER IMPORTANT;' DON'T CONSIDER CHANGING WHILE HAVEN'T REACHED CURRENT TARGET #Goolsbee #FederalReserve #economy GOOLSBEE: IF SITTING GOVT CAN TELL CENTRAL BANK WHAT TO DO WITH RATES, INFLATION GOES UP CRITICALLY IMPORTANT FOR FED TO REMAIN INDEPENDENT