Fed's Miran: Current inflation not reflective of supply and demand in the economy

Current above-target inflation does not reflect underlying supply and demand dynamics that are generating price increases much closer to the central bank's 2% target, Federal Reserve Governor Stephen Miran said on Monday,

Fed decisions distorted by ‘phantom inflation’, says Stephen Miran

Federal Reserve governor Stephen Miran has said that “phantom inflation” is distorting the US central bank’s decision-making and causing it to keep interest rates too high.

What To Expect In November 2025's Inflation Report

Get key November CPI insights across energy, food, housing & autos. Learn market impacts, 2026 Fed rate cut outlook, and stocks set to benefit.

New Jobs, Inflation Data Could Provide Some Guide to Where the Economy Is Headed

Data on employment and consumer prices for November will offer some recent insight into the state of the economy.

Fed’s Miran Says ‘Underlying’ Inflation Close to Target

Federal Reserve Governor Stephen Miran again argued the central bank’s policy stance is unnecessarily restrictive on the economy, pointing to his benign outlook for inflation and warning signs in the labor market.

Analysis: How the White House is using misleading comparisons to make inflation sound better

The year-over-year inflation rate in January, the month President Donald Trump returned to the White House, was 3.0%.

Higher Education Inflation Rate Hit 3.6% For Fiscal Year 2025

American colleges & universities saw their costs inflate by 3.6% in FY2025, a slight uptick from a 3.4% increase in FY 2024, but a decline from the 4.0% rate in FY2023.

A delayed jobs report and fresh inflation data will dominate markets this week

The November jobs report and inflation data, as well as a lineup of Fed speakers, could influence rate-cut outlooks this week.

Inflation Worries Keep the Fed on Alert. Could This Mean No More Interest Rate Cuts Anytime Soon?

While the Fed predicts inflation will moderate in 2026, Chair Jerome Powell still sees price pressures rising early next year as tariffs continue to work their way through the economy.

Mexico Sees Small Inflation Impact From Tariffs on Chinese Goods

Mexico’s government calculates that new tariffs on Asian goods will only impact inflation by 0.2 percentage points and won’t significantly affect prices of cars imported from nations like China.

Trump says he's "crushing" inflation in speech to Pennsylvania voters as GOP faces affordability concerns

President Trump spoke about affordability and his economic agenda in the Poconos, in northeastern Pennsylvania, Tuesday night.

Two Fed officials who rarely agree both say inflation will not be a problem going forward

Miran, in a speech and a subsequent television interview, said government statistics are misleading and “underlying” inflation is running below 2.3%, not far from the Fed’s 2% target.
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