Fed's Miran: Central bank independence is valuable but not unlimited

Feb 9 (Reuters) - Federal Reserve Governor Stephen Miran said on Monday central bank independence makes for better policy outcomes, but he said that independence is not absolute.

“Central bank independence is going to lead to better policy,” Miran said at an appearance before a gathering at the Boston University Questrom School of Business. But, “there are a lot of decisions that we make that are deeply integrated with what other agencies are doing, particularly in times of a crisis, so you know, there's no such thing as absolute, 100% pure independence,” he said.