Fed's Miran wants aggressive rate cuts but downplays differences with other officials

By Michael S. Derby

(Reuters) -Federal Reserve Governor Stephen Miran on Friday again pressed for an aggressive path of rate cuts given big changes in the economy driven by the Trump administration, while at the same time arguing the gulf between his outlook and that of his central bank colleagues is not as great as some perceive it to be.

“My view is that if policy is out of whack, you should adjust it at a reasonably…brisk pace,” Miran said in an interview on Bloomberg television. When it comes to the current setting of central bank interest rate policy, “we’re not at the point yet where, if you sort of keep it there another day, it’s a crisis, but if you keep it there for an extra year, yeah, I think you have…problems on your hands.”

Miran said his belief that monetary policy needs t