Fed's Miran says inflation picture has deteriorated — but still favors multiple rate cuts this year | Metals Mine

  • Fed's Miran says inflation picture has deteriorated — but still favors multiple rate cuts this year

    From finance.yahoo.com

    Federal Reserve Governor Stephen Miran suggested on Thursday that he’s become slightly more hawkish because inflation looks a bit stickier and he now sees less reason for accommodative monetary policy than he once did. Miran said the inflation picture has worsened since December, though not so much because of the war in Iran. It’s what he’d seen in the few months before the war broke out. Miran said the underlying composition of inflation has become less favorable. “Some other sectors started contributing more, and so that … makes it a little bit more problematic than it was just at the beginning of the ... (full story)

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