Too Soon to Draw Conclusions on Oil, Fed Governor Miran Says

Fed Governor Stephen Miran said on Bloomberg Surveillance that it is too soon to tell whether higher oil prices will pass through to broader prices. The remark signals Fed caution and that policymakers are waiting for more data on inflation pass-through before considering policy adjustments.

Analysis

Fed Governor Stephen Miran said on Bloomberg Surveillance that it is too soon to tell whether higher oil prices will pass through to broader prices. The remark signals Fed caution and that policymakers are waiting for more data on inflation pass-through before considering policy adjustments.