Fed's Miran: Four quarter-point cuts still warranted this year, no "all clear" for job market

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Fed’s Miran: Four quarter-point cuts still warranted this year, no “all clear” for job market

Reuters

Fri, February 27, 2026 at 12:04 AM GMT+9 1 min read

WASHINGTON, Feb 26 (Reuters) - Federal Reserve Governor Stephen Miran said ‌strong job growth in January ‌was “a really good thing,” but that the ​Fed should still cut a full percentage point from its policy rate this year because there were ‌still risks ⁠to the labor market while inflation was no longer ⁠a problem.

“I think it’s way too early to sort of sound ​an all ​clear that ​the labor market ‌doesn’t need more support from the Federal Reserve. I definitely think the labor market can be supported by the Federal Reserve further,” ‌with four cuts ​this year, Miran said ​on ​Fox Business’s “Mornings with Maria”.

“I really ‌do not think that ​we ​have an inflation problem,” with recent inflation readings a percentage point ​above ‌the Fed’s target likely to ​slow.

(Reporting by Howard Schneider; Editing ​by Chizu Nomiyama )

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