Fed Governor Michael Barr expressed concern about inflation still around 3%, closer to three than to two
Host
Stephen Miran
Barr's inflation argument is not persuasive because almost all the inflation excess is a mirage, not indicative of supply-demand imbalances
Stephen Miran
Monetary policy works with lags and should be set for 2027, not based on 2022-2023 imbalances
Stephen Miran
It's a mistake to cause job losses due to statistical measurement quirks
Wall Street perspective: Fed constrained by December meeting timing before key data release
Host
Stephen Miran
Policy should be forecast-dependent, not data-dependent - being too data-dependent is backward-looking
Stephen Miran
Would absolutely vote for 25 basis point cut if marginal vote