Categories: World

Fed's Miran reiterates call for strong rate cuts amid shift in economy – Bloomberg TV

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By Michael S. Derby Oct 3 (Reuters) - Federal Reserve Governor Stephen Miran on Friday again pressed for much easier monetary policy, saying notable changes in the economy suggest the current level of interest rates is too high. “My view is that if policy is out of whack, you should adjust it at a reasonably, at a reasonably brisk pace,” Miran said in an interview on Bloomberg television. When it comes to the current setting of central bank interest rate policy, “we're not at the point yet where, if you sort of keep it there another day, it's a crisis, but if you keep it there for an extra year, yeah, I think you have…problems on your hands.” (Reporting by Michael S. Derby) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
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