Fed's Miran: Risks from Iran conflict no reason to delay continued rate cuts - BBG TV

WASHINGTON, March 4 (Reuters) - Inflation and other risks from the U.S. military conflict with Iran haven't changed the need for the U.S. Federal Reserve to approve continued interest rate cuts this year, with price pressures expected to ease and the job market still at risk, Fed Governor Stephen Miran said on Wednesday.

Higher oil prices due to the conflict "will feed into headline inflation, but the evidence that it feeds into core inflation...is quite limited...It is difficult for me to get very excited about a policy implication of what's happened so far," Miran said, adding the Fed in his view should make 4 quarter-point rate cuts this year to reach a roughly neutral level, a point some of his more hawkish colleagues belief has already been reached with the policy rate in a 3.5% to 3.75% range.