Fed's Miran on Fox Business wants rates down to bolster job market

Dec 19 (Reuters) - Federal Reserve Governor Stephen Miran reiterated Friday that the U.S. central bank should cut interest rates because inflation has cooled and monetary policy needs to offset risks to the job market.

The job market has been moderating and “if it keeps going this direction, and we don't change policy enough to arrest it, we will end up in a bad place" by 2027, Miran said in a Fox Business interview.

Miran is one of the Fed’s strongest supporters of interest rate cuts and dissented at last week’s Fed meeting in favor of a 50 basis point rate cut, while most of his colleagues favored a smaller 25 basis point move down. His term on the central bank ends on January 31.