Miran: Fed policy holding back job market

 Federal Reserve Governor Stephen Miran told Fox Business on Friday that the bank's policy is "holding back" the job market.

He insisted that it would be "appropriate to cut interest rates," adding that "neither the job market nor inflation expectations point to higher inflation." Miran further mentioned that the Fed should give less forward guidance to allow for the policy to be "more flexible."

Commenting on outgoing Fed Chair Jerome Powell's decision to stay on as a governor, Miran shared that it is important there is "no division of authority."

https://breakingthenews.net/Article/Miran:-Fed-policy-holding-back-job-market/66253797