⚡ JUST IN 💥$USDC 🚨Federal Reserve Board member Stephen Miran, in his statements regarding monetary policy, argued that the current policy is too tight and called for interest rate cuts.

Miran stated that the Fed’s current approach is too tight for the economy and that the policy interest rate should be lowered to a neutral level.

Miran stated that the Fed generally does not react directly to fluctuations in oil prices. However, he noted that if the recent oil shock weakens demand, it could bring down core inflation. In such a scenario, he said, the Fed would be more inclined to adopt a more dovish monetary policy.