{"id":65063,"date":"2026-03-07T14:24:19","date_gmt":"2026-03-07T11:24:19","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=65063"},"modified":"2026-03-07T14:24:19","modified_gmt":"2026-03-07T11:24:19","slug":"interest-rate-statement-from-fed-official-it-needs-to-fall","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/interest-rate-statement-from-fed-official-it-needs-to-fall\/","title":{"rendered":"Interest Rate Statement from Fed Official: \u201cIt Needs to Fall!\u201d"},"content":{"rendered":"<p>After the surprise U.S. nonfarm payroll data, Federal Reserve Board member Stephen Miran made striking comments. Known as one of the Fed\u2019s most dovish members, Miran argued that the current monetary policy is too tight for the economy and called for a rate cut. According to Miran, lowering the Federal Reserve\u2019s policy rate to a more neutral level may be necessary for economic stabilization. He highlighted that, especially following weak employment data, the risk of economic slowdown has increased and monetary policy should be better aligned with current conditions. Experts say Miran\u2019s remarks indicate that discussions about interest rate cuts within the Fed could gain more prominence in the near future.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/interest-rate-statement-from-fed-official-it-needs-to-fall\/#Miran_Monetary_Policy_Is_Too_Tight\" title=\"Miran: Monetary Policy Is Too Tight\">Miran: Monetary Policy Is Too Tight<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/interest-rate-statement-from-fed-official-it-needs-to-fall\/#Neutral_Rate_Estimated_Between_25_and_275\" title=\"Neutral Rate Estimated Between 2.5% and 2.75%\">Neutral Rate Estimated Between 2.5% and 2.75%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/interest-rate-statement-from-fed-official-it-needs-to-fall\/#US_Employment_Data_Disappoints\" title=\"U.S. Employment Data Disappoints\">U.S. Employment Data Disappoints<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Miran_Monetary_Policy_Is_Too_Tight\"><\/span>Miran: Monetary Policy Is Too Tight<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stephen Miran stated that the Fed\u2019s current policy stance is too tight relative to economic conditions. He suggested that reducing interest rates to a more balanced level could be important for sustaining economic growth. He emphasized that monetary policy should be more flexible, particularly during periods when economic activity shows signs of slowing. Miran argued that the Fed\u2019s current approach places excessive pressure on the economy and that policy rates should move toward a neutral level. According to him, this step could help balance financial conditions and support economic growth. Analysts note that such statements signal the possibility of stronger dovish discussions within the Fed.<\/p>\n<blockquote><p><em>&#8220;The current monetary policy stance is too tight for the economy. I believe the policy rate should move toward a neutral level.&#8221;<\/em><\/p><\/blockquote>\n<p>Miran also commented on energy prices, noting that while the Fed typically does not respond directly to oil price fluctuations, recent shocks could suppress demand. He suggested that if rising oil prices weaken economic demand, core inflation could be affected downward, creating conditions for a more dovish policy approach.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Neutral_Rate_Estimated_Between_25_and_275\"><\/span>Neutral Rate Estimated Between 2.5% and 2.75%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Miran believes the Fed\u2019s neutral interest rate lies between 2.5% and 2.75%. He stated that the Fed should initially lower the policy rate toward this range and then reassess economic conditions before deciding on further monetary policy direction. This approach, according to Miran, would allow for a more careful analysis of current uncertainties and help maintain a balanced monetary policy framework. He also indicated that if the Fed does not cut rates this month, he could vote against the decision, signaling the need for faster easing. Analysts say such statements reveal differing views within the Fed regarding rate cuts and suggest that monetary policy debates may intensify in the near term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"US_Employment_Data_Disappoints\"><\/span>U.S. Employment Data Disappoints<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Miran\u2019s comments came immediately after weak labor market data. According to the report, the U.S. economy lost 92,000 jobs in February, significantly below market expectations, while the unemployment rate rose to 4.4%. This sparked concerns about slower economic growth. Analysts note that weak employment figures increase pressure on the Fed to consider a rate cut. Miran\u2019s call for lower rates highlights new debates regarding the balance between growth and inflation, suggesting that upcoming Fed policy decisions will be closely watched. Analysts also warn that stronger rate-cut expectations could have significant impacts on global financial markets and the cryptocurrency sector.<\/p>\n<p data-start=\"5655\" data-end=\"5833\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the surprise U.S. nonfarm payroll data, Federal Reserve Board member Stephen Miran made striking comments. Known as one of the Fed\u2019s most dovish members, Miran argued that the current monetary policy is too tight for the economy and called for a rate cut. According to Miran, lowering the Federal Reserve\u2019s policy rate to a<\/p>\n","protected":false},"author":37,"featured_media":47367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,1766,60,393,336,58,5760,640],"class_list":["post-65063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-bitcoin-btc","tag-btc","tag-crypto","tag-cryptocurrencies","tag-cryptocurrency","tag-digital-assets","tag-fed"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Interest Rate Statement from Fed Official: \u201cIt Needs to Fall!\u201d<\/title>\n<meta name=\"description\" content=\"After the surprise U.S. nonfarm payroll data, Federal Reserve Board member Stephen Miran made striking comments.\" \/>\n<meta name=\"robots\" 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