Federal Reserve Governor Stephen Miran argued Monday that inflation is significantly closer to the central bank’s two percent target than official measures suggest, making the case for faster interest rate cuts while systematically dismantling claims that tariffs are driving price increases.
In a speech at Columbia University, Miran said distortions in how the Fed measures inflation—particularly from lagging shelter costs and statistical quirks in service prices—create an illusion that price pressures remain elevated when underlying inflation is actually running near target.
“Keeping policy unnecessarily tight because of an imbalance from…
Read the full article at BREITBART.COM
