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Federal Reserve Governor Steven Miran: "Some inflation indicators are distorted... Risk could increase if policy adjustment is delayed"
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- Federal Reserve Governor Steven Miran mentioned the presence of outliers in recent inflation data, saying a cautious approach is needed.
- He said that if policy adjustments are delayed, the risk of a recession could increase, but he does not expect a recession in the near term.
- Miran said Fed Chair Powell should be evaluated for having led three interest rate cuts, and that next year's tax refunds could provide economic stimulus.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Steven Miran, a Federal Reserve (Fed) governor, expressed a cautious stance regarding the recently released inflation indicators and the monetary policy stance.
On the 22nd (local time), according to overseas economic breaking news channel Walter Bloomberg, Miran said, "There were some outliers in last week's inflation data caused by the government shutdown (temporary work stoppage)."
He added, "If policy is not adjusted, the risk of a recession could gradually increase." However, regarding the short-term economic outlook, he added, "I do not see a recession in the near term."
Regarding the monetary policy decision process, he also gave an assessment of Fed Chair Jerome Powell. Miran said, "Chair Powell should be evaluated for having led three interest rate cuts at the Federal Open Market Committee (FOMC)."
He also said, "Next year's tax refunds could provide some degree of economic stimulus."
