Fed’s Miran Wants 150 Points of Cuts in 2026 to Boost Jobs (1)

Federal Reserve Governor Stephen Miran said he is looking for 150 basis points of interest-rate cuts this year to boost the labor market.

Describing monetary policy as restrictive, Miran said underlying inflation is likely running at 2.3%, which means Fed officials have room to cut further.

“I’m looking for about a point and a half of cuts. A lot of that is driven by my view of inflation,” Miran said Thursday in an interview on Bloomberg Television’s Surveillance. “Underlying inflation is running within noise of our target, and that’s a good indication of where overall inflation is going to ...