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Stephen Miran
Federal Reserve (Governor)
Photo: Editorial (Option A policy, Jun 10, 2026) - owner-supplied
First call on the ledger
1 still on the clock. Quotes in curly quotation marks are verbatim; everything
else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
On the clock
Written down and dated. Not judged until the deadline arrives.
Said Mar 30, 2026 · resolves Mar 30, 2027
“We could be about a point easier, gradually done over the course of a year.” (Fed funds rate; he has dissented at every meeting since Sep 2025)
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
current inflation not policy-driven, per the former Fed governor. relative claim: more likely transitory THAN post-pandemic, not a flat declaration
“It's much more likely to be transitory. It's much more likely to be temporary this time because it's not driven by policy”
his prescription for today. STRENGTH corrected leaning->firm: unhedged prescription
“the Fed should stay on hold based on this”
Miran confirms he 'spoke to him a little bit about the chairmanship selection' @0:34 but gave no specific name @0:59, says 'Not necessarily' when asked if the chair needed to come from outside the Fed @1:18, and argues models 'aren't universally true in all times and places', comparing them to jackets picked for the weather @1:44. He also says 'I actually didn't even really discuss monetary policy with him' @2:17.
“I think forward-looking behavior is important. I think a willingness to think deeply and carefully about the data and what they actually say is important.”
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