Fed Governor Stephen Miran Praises Warsh for Fed Chair as Inflation Concerns Ease

Warsh Seen as Strong Fit for Federal Reserve Leadership

Federal Reserve Governor Stephen Miran voiced strong support for Kevin Warsh, describing him as an excellent choice for a leadership role at the central bank. Miran said he is enthusiastic about the work Warsh is expected to deliver and expressed confidence in his approach to economic policy.
According to Miran, Warsh is likely to step into a senior position at the Federal Reserve and will be welcomed by fellow policymakers with professionalism and respect.


Miran Says Inflation Is No Longer a Pressing Threat

Miran played down concerns about rising prices, stating clearly that there is no inflation problem at the moment. He argued that recent data points do not change the broader inflation picture and that short-term fluctuations should not be overinterpreted.
He also dismissed fears that trade tariffs are significantly driving inflation, suggesting their impact remains limited in the current environment.


Focus on a Smaller Fed Footprint


The Fed governor emphasized the importance of reducing the size of the Federal Reserve’s balance sheet, calling a smaller footprint the right long-term direction. He pointed to regulatory factors as a major reason the balance sheet has remained elevated and suggested further reductions are both possible and necessary.


Miran also noted that disagreement within the Federal Reserve is healthy, saying it was not difficult to dissent during the most recent policy meeting.


Markets Remain Calm as Confidence Holds

Despite ongoing debates around policy and leadership, Miran said financial markets are showing little sign of stress. He described bond market movements as stable and downplayed the broader influence of gold, characterizing it as a relatively small market with limited systemic impact.
Overall, Miran’s comments reinforced the view that the Federal Reserve is entering a period of transition with confidence, as Kevin Warsh gains support and inflation pressures appear firmly under control.