In a wide-ranging interview, Stephen I. Miran discussed why he thinks concerns about inflation are overblown and his worries about the economy if the Federal Reserve does not rapidly lower interest rates. Here is a full transcript.
Category: Federal Reserve System
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A Month Without Data Muddles the Economic Picture
Tariffs and uncertainty were already making the economy hard to read. The loss of government data during the shutdown has made the situation much worse.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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Strains in Short-Term Markets Raise Urgency of Fed Balance Sheet Debate
Warning signs in crucial money markets have raised the prospect that the central bank will soon stop reducing its portfolio of government debt and mortgage bond holdings.
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Fed Prepares Bank-Friendly Changes to Annual Stress Tests
The Federal Reserve Board is poised to start releasing in advance models it uses to test the biggest banks’ readiness to withstand economic shocks.
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Comparing Savings Accounts and CDs Before the Fed Looks at a Possible Rate Cut
To ensure that your cash is getting the best return, compare the options among high-yield savings accounts and C.D.s.
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What Could Torpedo the Stock Rally
The S&P 500 is nearing another record, but some analysts caution that a host of factors may stall its momentum.
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Black Unemployment Is Surging Again. This Time Is Different.
Federal layoffs and an end to diversity initiatives have weakened a historically strong labor market for Black workers.
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A Tough Job for Jay Powell at the Fed Gets Tougher
Some at the central bank don’t feel the need to cut rates further this year; others are worried about the jobs market. That complicates the job of Jay Powell, its chair.
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New York Fed’s John Williams Favors More Rate Cuts
John Williams, president of the Federal Reserve Bank of New York, is primarily concerned with weakness in the labor market.
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Mixed Economic Signals Stoke Divisions at Fed, Minutes Show
A few officials appeared reluctant to support the central bank’s interest rate cut last month, underscoring the tough task ahead for Chair Jerome H. Powell to forge a consensus.
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Gold Price Nears $4,000 an Ounce, a Sign of Turmoil and Unease
Approaching the milestone for the first time, the precious metal is on course for its best year since the 1970s, highlighting unease among investors.