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Fed’s Miran: Job Losses in February Bolster the Case for More Interest Rate Cuts - The MortgagePoint
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Fed’s Miran: Job Losses in February Bolster the Case for More Interest Rate Cuts - The MortgagePoint
The weak February jobs report supoorts the rationale for the central bank to lower interest rates further, Federal Reserve Governor Stephen Miran said in a CNBC interview. Responding to the drop of 92,000 in nonfarm payrolls that the Bureau of Labor Statistics reported Friday, Miran said in the interview that the Fed should be focusing more on supporting the labor market than worrying about inflation. “I think that we don’t have an inflation pro…
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