{"id":692756,"date":"2026-03-30T16:02:16","date_gmt":"2026-03-30T16:02:16","guid":{"rendered":"https:\/\/www.europesays.com\/us\/692756\/"},"modified":"2026-03-30T16:02:16","modified_gmt":"2026-03-30T16:02:16","slug":"fed-governor-miran-still-backs-cuts-says-interest-rates-could-be-about-a-point-lower-this-year","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/692756\/","title":{"rendered":"Fed Governor Miran still backs cuts, says interest rates could be ‘about a point’ lower this year"},"content":{"rendered":"

Federal Reserve Governor Stephen Miran speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 10, 2025. <\/p>\n

Brendan McDermid | Reuters<\/p>\n

Federal Reserve Governor Stephen Miran on Monday continued his campaign for lower interest rates, telling CNBC that policymakers should disregard the current energy price spike unless there are signs it will have longer-lasting impacts.<\/p>\n

“If I saw a wage-price spiral, or I saw evidence that inflation expectations are starting to pick up, then I would get worried about it,” he said during a “Squawk on the Street<\/a>” interview. “There’s no evidence of it thus far, and you can move the monetary policy rate all you want \u2014 today tomorrow \u2014 but it’s not going to affect inflation the next couple of months.”<\/p>\n

Citing market-based indicators, Miran said inflation expectations remain well anchored, despite the jump in oil<\/a> to more than $100 a barrel and a price shock at the pump that has pushed gasoline higher by more than $1 a gallon.<\/p>\n

\"Fed<\/p>\n

Monetary policy works with a lag and isn’t geared toward short-term market gyrations, he added.<\/p>\n

Miran has dissented<\/a> at each of the meetings he has attended since September 2025. He told CNBC that he continues to think “we could be about a point easier, gradually done over the course of a year.”<\/p>\n

The fed funds rate is currently targeted in a range between 3.5%-3.75%. Market pricing is implying no moves in either direction before the end of the year. <\/p>\n

Miran’s term has expired, but he continues to serve as the nomination of former Federal Reserve Governor Kevin Warsh is held up in the Senate Banking Committee. If confirmed, Warsh will take over as chair for Jerome Powell<\/a> when the latter’s term expires in May.<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Federal Reserve Governor Stephen Miran speaks during an interview with CNBC on the floor at the New York…\n","protected":false},"author":3,"featured_media":692757,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[104,78,133,64,81,79,11763,267,261693,250818,111946,113162,254134,142,75621,64216,135,6769,156181,67,259090,132,68],"class_list":{"0":"post-692756","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-breaking-news","9":"tag-breaking-news-economy","10":"tag-breaking-news-markets","11":"tag-business","12":"tag-business-news","13":"tag-economy","14":"tag-federal-reserve-bank","15":"tag-interest-rates","16":"tag-invesco-db-us-dollar-index-bullish-fund","17":"tag-invesco-qqq-trust","18":"tag-ishares-20-year-treasury-bond-etf","19":"tag-ishares-russell-2000-etf","20":"tag-ishares-u-s-treasury-bond-etf","21":"tag-jerome-powell","22":"tag-kevin-warsh","23":"tag-lp","24":"tag-markets","25":"tag-prices","26":"tag-spdr-sp-regional-banking-etf","27":"tag-united-states","28":"tag-united-states-oil-fund","29":"tag-unitedstates","30":"tag-us"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/692756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=692756"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/692756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/692757"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=692756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=692756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=692756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}