Fed Hammack: we’re in a good spot from a policy perspective; I think we could be on hold for quite some time - NYT interview

Fed's Miran: It is too early to have firm views on Iran policy impact. Fed's Miran: Evidence that oil prices feed into core inflation is quite limited. Just in | Fed's Miran: Current Monetary Policy Remains Modestly Restrictive. Fed's Miran: 1 percentage point of cuts is appropriate this year. MIRAN: IF HOUSING INFLATION DECELERATES AS EXPECTED THE FED COULD UNDERSHOOT THE 2% TARGET || APPROPRIATE TO CONTINUE TO CUT AT THE MARCH MEETING; HAVE NOT CHANGED THE OUTLOOK BASED ON THE OUTBREAK OF CONFLICT IN IRAN ...

IRAN OPERATIVES MADE OFFER TO DISCUSS TERMS FOR ENDING WAR: NEW YORK TIMES *IRAN INTEL MINISTRY REACHED OUT INDIRECTLY TO CIA: NYT - BBG *IRAN OPERATIVES MADE OFFER TO DISCUSS TERMS FOR ENDING WAR: NYT *NYT CITES OFFICIALS BRIEFED ON THE IRANIAN OUTREACH TO THE CIA *US OFFICIALS SKEPTICAL ABOUT READINESS FOR IRAN OFFRAMP: NYT

Just in | Fed's Miran Supports Gradual 25 Basis Point Rate Cuts Until Neutral Stance is Achieved. FED'S MIRAN: IT IS APPROPRIATE TO CONTINUE TO CUT AT THE MARCH MEETING, HAVE NOT CHANGED THE OUTLOOK BASED ON THE OUTBREAK OF CONFLICT IN IRAN. ... MIRAN: FED SHOULD ACCOMMODATE AI JOBS TRANSITION WITH EASIER MONETARY POLICY || DON'T THINK CREDIT ISSUES WARRANT A CHANGE IN MONETARY POLICY ... FED'S MIRAN: I HAVE NOT TALKED TO TRUMP SINCE RESIGNING AS CHAIR OF THE CEA. ... MIRAN: DO NOT HAVE A GOOD IDEA OF WHEN WARSH WILL BECOME CHAIR BUT HOPE TO HAVE CLARITY SOON