Miran Says Trade Uncertainty Makes Fed Rate Cuts More Urgent (2)

Federal Reserve Governor Stephen Miran said recent trade tensions have increased uncertainty in the outlook for growth, making it more important for policymakers to lower interest rates quickly.

“There’s now more downside risks than there was a week ago, and I think it’s incumbent upon us as policymakers to recognize that should get reflected in policy,” Miran said Wednesday during an event organized by CNBC. Higher uncertainty around trade policies between China and the US have introduced a “new tail risk,” he said.

Federal Reserve Governor Stephen Miran.

Photographer: Michael Nagle/Bloomberg

“I wouldn’t say that I want even lower rates now than I did a week or ...