Odaily Planet Daily News: Federal Reserve Governor Miran stated that he expects a rate cut of 150 basis points this year to boost the labor market. When describing monetary policy as restrictive, Miran indicated that core inflation may remain around 2.3%, suggesting that Federal Reserve officials still have room for further rate cuts. Miran stated, “Core inflation fluctuates within our target range, which bodes well for medium-term overall inflation trends.” “Approximately one million Americans are currently unemployed, but if they were employed, it would not cause unnecessary inflation,” Miran said. He indicated that it is unclear whether he will remain at the Federal Reserve after his term ends. Many Federal Reserve observers expect Trump will use Miran’s current seat to place his chosen successor as chair on the board. However, if Powell leaves the Federal Reserve after his term as chair ends in May, it could free up another seat. (The Bourse)