Fed’s Miran: Inflation Is Moving in the Right Direction

Miran said inflation in the United States is continuing to ease and is now moving in the right direction reinforcing confidence that current monetary policy is having the intended effect.

Miran noted that recent data shows price pressures are gradually cooling across key areas of the economy. While inflation remains above the Fed’s long-term target, the overall trend suggests that tighter financial conditions and earlier interest-rate hikes are helping to slow demand and stabilize prices.

However, the Fed official emphasized that progress is uneven. Certain sectors, especially services and housing-related costs, are still showing stubborn inflation. Because of this, Miran stressed that the central bank needs to remain cautious and data-dependent rather than rushing into policy changes.

The comments signal that the Fed is encouraged by the inflation outlook but is not yet ready to declare victory. Policymakers are likely to keep interest rates restrictive until they are confident inflation is sustainably moving back toward the 2% target.

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