Fed's Miran says underlying inflation is not a problem; needs to cut rates by about a percentage point this year - Fox News interview
Importance
Level 1
- Better growth in future doesn't need higher interest rates.
- Sees need to lower rates by 50bps this year.
- Not reading a lot into metal market volatility.
- In the long-term would want a smaller Fed balance sheet.
- To get smaller balance sheet, need more regulations changes.
- Fed monpol is too tight.
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