Fed Governor Miran:
- neutral rate buffeted by huge and unusual population shocks
- monetary policy needs to ease to get ahead of the shift down in neutral
- Is optimistic on growth
- Drag from uncertainty is abating
- Financial conditions are not just driven by monetary policy
- Housing matters more for economy than stock market
- US financial conditions driven mostly by domestic factors
- Shelter is the key driver of inflation
Miran is a sycophant yes man injected into the Fed by Trump. He doesn’t need to talk garbage and embarrass himself like this, we all know what he wants.
Earlier:
This article was written by Eamonn Sheridan at investinglive.com.