Federal Reserve Governor Stephen Miran has reiterated his support for the central bank to cut rates, saying that there is no evidence of inflation risk and calling for 100 bps of rate cuts over the next year.
Claim 30% Off TipRanks
Forget margin or options. Here's how the pros trade QQQ“If I saw a wage-price spiral, or I saw evidence that inflation expectations are starting to pick up, then I would get worried about it,” Miran told CNBC’s “Squawk Box” on Monday, adding that neither scenario is backed by data.
Oil Prices Spike as Miran Pushes for Rate Cuts
Miran’s statement comes amid surging oil and gas prices from the U.S.-Iran war and the closure of the Strait of Hormuz. Over the past month, Brent crude oil prices (BZ) have skyrocketed 49%, while prices at the pump have jumped by 34%, or $1.01 to $3.99 per gallon.
Miran has dissented in favor of rate cuts at every Fed meeting since September 2025. The next meeting is scheduled for April 29, where the central bank is widely expected to hold rates steady.