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International Business Times
International Business Times
Business

New US Fed Governor Says Rates Should Be Around 'Mid-2%'

US Fed Donald Trump Stephen Miran United States Interest Rates Inflation US Federal Reserve
US Federal Reserve Governor Stephen Miran said leaving short-term interest rates about two-percentage points too tight brings risks to employment (Credit: AFP)

The US Fed governor newly appointed by President Donald Trump argued Monday for significantly lower interest rates, signaling that concerns over inflation may be overblown.

"I believe the appropriate Fed funds rate is in the mid-two percent area, almost two percentage points lower than current policy," said Federal Reserve Governor Stephen Miran at the Economic Club of New York.

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