Fed's Miran: Policy outook remains for rate cuts

Federal Reserve (Fed) Board of Governors member Stephan Miran told Bloomberg on Monday that they shouldn't make policy decisions on short-term headlines. Federal Reserve (Fed) Board of Governors member Stephan Miran told Bloomberg on Monday that they shouldn't make policy decisions on short-term headlines. Federal Reserve (Fed) Board of Governors member Stephan Miran told Bloomberg on Monday that… Federal Reserve (Fed) Board of Governors member Stephan Miran told Bloomberg on Monday that they shouldn't make policy decisions on short-term headlines. Federal Reserve (Fed) Board of Governors member Stephan Miran told Bloomberg on Monday that they shouldn't make policy decisions on short-term headlines.Key takeaways"Premature to judge the current situation.""Traditional central bank view is oil shocks don't hit core inflation.""The labor market could still use support from monetary policy.""Still not enough clarity to know monetary policy should react to current events.""Expecting higher headline inflation but too soon to say it will hit… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.