Fed's Miran says rate cuts needed to offset risks to job market - CNBC

NEW YORK, Sept 19 (Reuters) - In his first public remarks as a Federal Reserve Governor, Stephen Miran said Friday that the current state of monetary policy carries risk for the job market if it's not lowered substantially over time.

“Being so far above neutral means that monetary policy is quite restrictive and the longer monetary policy stays at that level of restriction,” Miran said “the greater the risks that we start to miss on the employment mandate.”

Miran, who earlier this week favored a more aggressive rate cut than the easing delivered by the rate-setting Federal Open Market Committee, spoke in a CNBC interview.