Fed Governor Miran: Job losses in February add to the case for more interest rate cuts

I look at the six-month moving average of job creation, you know, and I think, what are we what are we even doing here. I mean, we're chasing phantom inflation of portfolio management fees, which are contributing 0.4% to core inflation with job prints doing what they've been doing. I think policy is is pretty miscalibrated right here.I would expect to see uh the Americans who are the closest substitutes for immigrants having very very hot uh the hottest job markets. Instead, you see where you see pockets of ...