Underlying Inflation and Shelter Effects

Federal Reserve Governor Stephen Miran talks to Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern about the current and future states of the Federal Reserve. Miran said he is looking for about 150 basis points of interest rate cuts this year to boost the labor market and repeated his argument that the current stance of policy remains well above his estimate for neutral. He added that it remains unclear whether he might remain at the central bank after his term expires.

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