Fed Governor Miran still backs cuts, says interest rates could be 'about a point' lower this year

Mădălin Mihai

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. "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 " interview. "There's no evidence of it thus far, and you can move the monetary

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