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Federal Reserve Watch for Jan. 8: Miran Says Expects 150 Basis Points of Rate Reduction in 2026

BY MT Newswires | ECONOMIC | 01/08/26 03:19 PM EST

03:19 PM EST, 01/08/2026 (MT Newswires) -- Fed Governor Stephen Miran (voter) said in an interview with Bloomberg TV that he expects 150 basis points of rate reduction in 2026, suggesting that the FOMC has maintained rates too high for too long, holding back the US economy as a result.

Recent comments of note:

(Jan. 6) Richmond Fed President Tom Barkin (nonvoter) said that both sides of the Fed's dual mandate will require attention, saying that it is a "delicate balance" between above-target inflation and below target hiring that requires "finely tuned judgements."

(Jan. 6) Fed Governor Stephen Miran (voter) said in an interview with Fox Business that he believes that 100 basis points of reduction could be appropriate this year due to what he views as significant restrictiveness in monetary policy.

(Jan. 5) Minneapolis Fed President Neel Kashkari (voter) said in an interview with CNBC that the current level of the federal funds rate is close to neutral, adding that inflation continues to slow, though it remains too high, and that the risks of weaker employment growth have increased.

(Jan. 4) Philadelphia Fed President Anna Paulson (voter) said that the FOMC could delay the next rate reduction until later in the year so that it can observe the effects of the easing that has already been put in place.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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