Fed's Miran (dove, dissenter) hesitant to read too much into one months job report and policy is pretty miscalibrated from here, via CNBC interview
- MonPol is too tight.
- Fed typically does not respond to oil prices.
- If anything it biases him towards even more dovish policy.
- Oil shock can weigh on core inflation by hurting demand.
- No inflation pressure in rents.
- Neutral is like 2.5-2.75%.
- Hopes Fed votes to cut next FOMC meeting, and will be a dissenter if not.
- Fed should cut rates to neutral, then re-estimate.
- Planning is tough for him now, will continue to holdover until someone is confirmed in his seat.
06 Mar 2026 - 16:37- Fixed IncomeImportant- Source: CNBC
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