Fed’s Miran Says There’s Still a Variety of Reasons to Cut Rates

Federal Reserve Governor Stephen Miran said surprising strength in January’s jobs data doesn’t mean policymakers should hold off additional interest-rate cuts.

Miran said planned supply-side reforms such as a reduction of business regulations, along with an expectation that housing inflation will slow, will clear the way for policymakers to continue lowering their benchmark rate. Miran has dissented at every policy meeting since joining the Fed’s board in September, favoring larger reductions than his colleagues were prepared to support.

There are “a variety of reasons why I want to see lower interest rates, and while today’s jobs data made me feel ...