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Fed Governor Miran resigns, warns against misreading inflation and supports faster rate cuts

Market News
14 May 2026
Fox Business
View Source
Neutral
pluang ai news

Federal Reserve Governor Stephen Miran has resigned, effective upon the swearing-in of his successor, Kevin Warsh. In his resignation letter, Miran highlighted his conservative regulatory achievements, including reducing banking regulations and removing politically motivated guidelines. He cautioned that current inflation measures may be distorted by economic biases such as reduced immigration and AI-related costs, risking unnecessary Fed tightening that could raise unemployment. Miran expressed optimism that Warsh will refocus the Fed on its core mandate and continue efforts to shrink the central bank's balance sheet.

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