Fed's Miran says US economy vulnerable to shocks due to tight policy, unfounded inflation concerns, report says

WASHINGTON, Sept 25 (Reuters) - The U.S. economy is more vulnerable to shocks right now due to high interest rates based on unfounded inflation concerns among Federal Reserve policymakers, Fed Governor Stephen Miran said on Fox Business' Mornings with Maria program.

Miran said the policy rate should drop 2 percentage points in half-point cuts because "when monetary policy is in that restrictive stance, the economy becomes more vulnerable to downside shocks," Miran said.

He argued there was no sign tariffs were driving inflation, but "that's what's holding up a lot of my colleagues."