The new Federal Reserve Governor Miran explains the reason for his voting in favor of reducing the largest interest rates

On Friday, the newly confirmed Federal Reserve Governor Stephen Miran defended his position on the reduction in the interest rate of 50 points instead of 25 points.

“My point is that there are a number of illegal powers in the work that will take part into effect and that will reduce inflation in the short term,” Miran said in an interview with “Kudlow” to Fox Business:

“For example, the decrease in migration. My point of view is that housing supply is very slow, and if you throw millions of new population, millions of migrant residents, to a relatively fixed supply of housing, you get a lot of inflation in the shelter, and the rents rise up. Employment, which is in the pipeline.”

Miran’s exclusion for those who say inflationary definitions.

Senate Stephen Miran confirms the Federal Reserve before the decisive price reduction meeting

“I don’t see any evidence of inflation from definitions at all,” he said. “For me, if I am looking for evidence of inflation of definitions, I think intensive basic goods for import will enlarge more than comprehensive basic commodities, and this is not the case.”

president Donald Trump Miran, who was formerly leading the Economic House of Economists at the White House, took advantage of August 7 to fill the seat that the governor of the Federal Reserve Council Adriana Kogler, who resigned in August. Miran will end with the rest of the state of Kogler, which ends on January 31, 2026.

Miran told the legislators during his candidacy session on September 4 that he would take an unpaid leave from his position at the White House while working in the Federal Reserve Governor Council.

Miran undertakes independence, unpaid leave from the White House if confirmed

Miran also said he had a positive view of the economy for the rest of the year.

Miran said: “Look, I mean, I think that the first half of the year was not as strong as I was hope, but as I said, elsewhere, I think many of them were due to uncertainty.”

Trump calls Miran as an alternative to the Federal Reserve seat

“We had the uncertainty that we might have the largest tax lift in history,” he added. “We had the uncertainty because we had a tremendous change in commercial policy. This uncertainty was dispelled, right?

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