NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Tuesday said that the U.S. bond market’s current relative calm supports a swift push to lower interest rates.

Given that market signals in reaction to Fed policy changes can carry valuable feedback in the wake of a policy change, Miran said “I would actually argue that the bond market behavior last year bore out my argument” that rates needed to be higher, “and this year, thus far, it is again bearing out my argument” for a swift pace of easing. He was speaking at an event held by the Managed Funds Association in New York.

Miran, who is on leave from the Trump White House to serve as a Fed governor, wanted the central bank to implement a more aggressive rate cut than the Federal Open Market Committee delivered at last month’s

See Full Page