Fed Governor Miran says he would assume Warsh takes his seat on the Fed board of Governors, CNBC interview

Fed Governor Miran's remarks suggest a positive sentiment toward the potential appointment of Warsh as Fed Chair, which could indicate a future shift in monetary policy towards a more hawkish stance.

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Fed Governor Miran says he would assume Warsh takes his seat on the Fed board of Governors, CNBC interview

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  • 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.
Context

His comments about deregulation and balance sheet reduction reflect an inclination to tackle inflation concerns more aggressively, implying that markets should brace for possible adjustments in rate expectations and yield curves. This perception could influence the USD's strength against other currencies, especially in response to any incoming data indicating inflation or employment trends.

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