Fed’s Miran Comments on October Employment Data
Federal Reserve Governor Stephen Miran expressed optimism on Wednesday regarding the latest employment figures. The data revealed job growth at US companies in October exceeded expectations, which he called “a welcome surprise.”
Despite the positive employment report, Miran emphasized the need to maintain interest rates at a lower level to support economic stability.
"A welcome surprise," said Miran about the stronger-than-expected job growth in October.
He reiterated that interest rates should remain low to ensure continued economic progress.
Summary
Stephen Miran welcomed stronger October job growth but stressed that interest rates still need to stay low to foster economic health.
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