Fed Governor Miran says job losses in February add to the

Federal Reserve Governor Stephen Miran said Friday that the weak February jobs report bolsters the rationale for the central bank to lower interest rates further. Responding to the drop of 92,000 in nonfarm payrolls that the Bureau of Labor Statistics reported Friday, Miran said in a CNBC interview that the Fed should be focusing more on supporting the labor market than worrying about inflation. "I think that we don't have an inflation problem," he said on the "Money Movers" show. "I think that the labor market can use more accommodation from monetary policy. And I don't see having a modestly

Fed Governor Miran says job losses in February add to the case for more interest rate cuts