Fed’s Miran Repeats View That Policy Remains Too Restrictive (2)

Federal Reserve Governor Stephen Miran said monetary policy remains restrictive and that he will continue to advocate for outsize interest-rate cuts.

“The Fed is too restrictive, neutral is quite a ways below where current policy is,” Miran said Monday in an interview on Bloomberg Television. “Given my rather more sanguine outlook on inflation than some of the other members of the committee, I don’t see a reason for keeping policy as restrictive.”

Miran has repeatedly called for looser monetary policy, dissenting against policymakers’ decisions to lower the Fed’s policy rate by a quarter-percentage point in September ...