Fed board nominee Miran: "Tariffs do not cause inflation"

Steve Miran, a close aide to U.S. President Donald Trump and a nominee for a Federal Reserve (Fed) board seat, denied any link between tariff policy and inflation.

According to economic breaking news channel Walter Bloomberg on the 4th (local time), nominee Miran said, "Tariffs never cause inflation," and claimed that "the price-increasing pressure from tariffs has been exaggerated."

His remarks are interpreted as defending the large-scale tariff policy being pursued by the Trump administration while dismissing the market's concerns about its impact on price stability.