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Fed’s Miran explains his neutral rates stance
Bloomberg Television· 2025-11-03 15:15
It's not that I'm out of bounds for where the rest of the committee is unneutral. It's just that I flipped from having one of the highest neutral rates last year to now one of the lowest neutral rates. And that's driven by things like population growth, right. It's driven by things like fiscal deficits.And if you think about population growth, right, that's normally considered to be one of the biggest drivers of neutral rates. And it's part of the reason why people think that neutral usually moves very very ...