Fed Governor Sees About a Point of Easing This Year Amid Oil Spike

Fed Governor Stephen Miran again urged rate cuts, saying policy could be about a point lower over the year even as oil prices spike, arguing the energy shock won’t drive inflation unless wage-price dynamics deteriorate and inflation expectations rise. He notes policy acts with a lag and inflation expectations remain anchored, and he has dissented at every meeting since September 2025; markets expect no moves this year, and Warsh’s chairmanship remains blocked.