{"id":361058,"date":"2026-03-23T15:38:10","date_gmt":"2026-03-23T15:38:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/361058\/"},"modified":"2026-03-23T15:38:10","modified_gmt":"2026-03-23T15:38:10","slug":"feds-miran-still-backs-rate-cuts-despite-surging-oil-prices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/361058\/","title":{"rendered":"Fed&#8217;s Miran Still Backs Rate Cuts Despite Surging Oil Prices"},"content":{"rendered":"<p>\n  By Jessica Coacci <\/p>\n<p>\n  Federal Reserve governor Stephen Miran reaffirmed his preference for four interest rate cuts this year in support of the labor market despite rising oil prices. <\/p>\n<p>  &#8220;We shouldn&#8217;t be making policy based on short-term headlines,&#8221; he said in an interview with Bloomberg TV Monday. <\/p>\n<p>  Miran dissented against the Fed&#8217;s March decision to hold interest rates steady in favor of a quarter-point cut. The Fed&#8217;s target range for the federal funds rate is 3.50% to 3.75%. <\/p>\n<p>  Unless longer-term inflation expectations beyond the first year worsen, or rising wages push up prices into core inflation readings, Miran explained that the energy shock could be one to look through. <\/p>\n<p>  &#8220;The inflation risks have got a little more concerning, but the unemployment risks have gotten more concerning too,&#8221; he said. <\/p>\n<p>\n  Write to Jessica Coacci at jessica.coacci@wsj.com <\/p>\n<p>\n  (END) Dow Jones Newswires<\/p>\n<p>  03-23-26 0957ET<\/p>\n","protected":false},"excerpt":{"rendered":"By Jessica Coacci Federal Reserve governor Stephen Miran reaffirmed his preference for four interest rate cuts this year&hellip;\n","protected":false},"author":2,"featured_media":8667,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60,123],"class_list":["post-361058","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/361058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=361058"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/361058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/8667"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=361058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=361058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=361058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}