Trump’s Fed Influence Grows as Miran Pushes for Aggressive Rate Cuts
Miran, acting as President Trump’s de facto spokesperson at the Federal Reserve, has intensified calls for rate cuts ahead of Jerome Powell’s May departure. The Fed insider argues current policy risks unnecessary job losses, citing subdued inflation metrics.
‘We need monetary policy to reflect contained inflation,’ Miran stated, projecting accelerated housing inflation declines within the PCE framework. Core inflation metrics—particularly non-housing components—now hover NEAR or below the Fed’s 2% target, with market-based indicators showing just 2.3% pressure.
The remarks signal brewing dissent at the Fed as TRUMP prepares to appoint Powell’s successor. Miran’s emphasis on ‘neutral rate alignment’ suggests political pressure may override traditional caution in an election year.
