Fed’s Miran Says He Still Wants Rate Cuts Despite Iran War

Federal Reserve Governor Stephen Miran said he thinks it’s still appropriate to continue cutting interest rates given that it’s too early to take a stance on the impact of war in the Middle East on the US economy.

“I believe it’s appropriate to continue acting,” Miran said Wednesday in an interview on Bloomberg TV. “Thus far, the evidence from events over the weekend hasn’t led me to change any of my forecasts for the labor market, for inflation.”

Oil prices surged after the US and Israel launched attacks across Iran over the weekend, and investors ...