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Fed’s Miran says calm bond market supports gradual rate cuts
Fed Governor Miran said steady bond yields show confidence in the Fed’s policy stance, backing a gradual rate-cut approach.
Federal Reserve Governor Stephen Miran said bond-market stability indicates investor confidence in the Fed’s policy path and supports measured rate reductions. He highlighted that yield curve volatility has declined even amid the shutdown, suggesting markets see the Fed as credible. However, Miran noted data gaps could impede timely decision-making ahead of the November meeting.