Fed Governor Disputes Tariff-Inflation Link as Rates Drop to 2022 Lows
Federal Reserve Governor Stephen Miran pushed back against claims that tariffs have fueled inflation during a CNBC appearance Friday. The TRUMP ally's remarks come amid heated debates over the economic impact of April's sweeping trade measures.
August's 2.9% annual CPI increase - the sharpest since January - has intensified scrutiny of ongoing tariffs. Miran dissented in this week's 25bps rate cut, advocating instead for a 50bps reduction as the Fed lowered its benchmark to 4%-4.25%.
Market watchers note the DOT plot signals two additional cuts before year-end, potentially creating favorable conditions for risk assets. Cryptocurrencies traditionally benefit from looser monetary policy, though no specific digital assets were mentioned in Miran's commentary.
