Rate Cuts is Still Possible Despite Strong Jobs Report, Fed Miran Says

Federal Reserve governor Stephen Miran in his comments said interest rates may see cuts soon, even after a strong January jobs report, suggesting that a favorable economic outlook is possible while still adjusting monetary policy. Miran expressed optimism about the economy but emphasized the need for supply-side improvements, indicating that these could warrant a shift in interest rates. President Trump is likely to utilize Miran's vacant seat to appoint his preferred choice for Fed Chair, Kevin Warsh. Miran acknowledged that the future of the Federal Reserve hinges on various factors, including decisions from Trump and the Senate, and he stated he would remain if a seat opens. Miran's insights highlight the ongoing discussions within the Federal Reserve about how best to navigate the economic landscape.