Fed's Miran: Policy has become much more restrictive this year
Fed’s Miran is added to earlier comments:
- Hopes we’ll have the needed data by October FOMC meeting.
- Policy has become much more restrictive this year
- Believes is neutral rate view is consistent with others on Fed.
- Economy is strong on policies boosting supply-side economy.
- Fed has plenty of space to cut rates, 0 lower bound is a long ways off.
- So much has changed since last year and monetary policy should reflect that.
- There will always be relative price changes.
- Trump’s inflation goals are separate to Fed’s work.
- Expects housing costs to ease on immigration shifts.
- Larry Summers has been wrong about pretty much everything this year.
This article was written by Greg Michalowski at investinglive.com.
