Fed Governor Miran says he would assume Warsh takes his seat on the Fed board of Governors, CNBC interview
Importance
Level 1
- Says Warsh is a fantastic pick for Fed Chair.
- Thinks the Fed will receive Warsh well.
- Think Warsh will be persuasive, and lot of his views are right.
- Deregulation will allow the Fed to shrink its balance sheet.
- Says is wasn't hard for him to dissent; says almost inflation over target is due to two things, one of them being housing and the other portfolio management quirks.
- Thinks unemployment will top out a little bit higher where they are now.
- Strong PPI report didn't likely move broader inflation reality.
- Long-end of the yield curve isn't something that bothers him right now.
- About what he'll do after the Fed, but says he will stay in his seat until his successor is confirmed.
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