Fed’s Miran Now Sees a Less Accommodative Rate Path

Thursday, February 19, 2026 at 7:46 PM

#Fed #FOMC #Interest Rates #Monetary Policy

The article reports on the recently released FOMC minutes from February 18, 2026, revealing a Federal Reserve confident in labor market stability but divided and uncertain regarding the inflation outlook and future rate path.

Staff economic forecasts were stronger than previous projections, anticipating real GDP growth to outpace potential through 2028 and a gradual decline in the unemployment rate. However, the inflation forecast was slightly higher, with upside risks noted.

Discussions among FOMC members highlighted persistent elevated core goods inflation, partly due to tariffs, while disinflation continued for core services. Participants were split on monetary policy, with some advocating for further rate cuts if inflation declines, others preferring to hold steady, and a few even suggesting potential upward adjustments if inflation persists.

Notably, Federal Reserve Governor Stephen Miran and Christopher Waller dissented, preferring a 1/4 percentage point rate cut at the meeting. Gold prices reacted positively to the minutes, trading near session highs.

Jeffrey Roach of LPL Financial commented on the Fed's optimistic growth projections and building financial stability risks.

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Fed’s Miran Now Sees a Less Accommodative Rate Path

Thursday, February 19, 2026 at 7:46 PM

#Fed #FOMC #Interest Rates #Monetary Policy

Jeffrey Roach of LPL Financial commented on the Fed's optimistic growth projections and building financial stability risks.

Markets★★Similarity: 84% · 4d ago

Fed’s Miran Says Four Cuts Are Appropriate This Year

Federal Reserve governor Stephen Miran said he thinks the Fed needs to cut interest rates by about a percentage point this year.

Economy★★★Similarity: 76% · 12d ago

Fed officials signaled little appetite for reducing interest rates at January’s meeting, with most indicating they wanted to see further progress on inflation before considering more cuts

Some officials favored more neutral language—pushing back against the prospect of reducing interest rates.

Economy★★★Similarity: 73% · 13d ago

Fed’s Goolsbee Says Future Rate Cuts Depend on Inflation Progress

Chicago Fed President Austan Goolsbee continued to express his view that policymakers could make several more rate cuts if inflation shows it is headed back to the Fed’s 2% target.

Economy★★Similarity: 72% · 6d ago

Solid Economy Should Keep Fed’s Focus on Inflation, Chicago Fed’s Goolsbee Says

A solid consumer economy and steady labor market mean that the Fed should be primarily focused on addressing elevated inflation, Chicago Fed President Austan Goolsbee said.

Data sourced from public RSS feeds and News APIs.

Fed’s Miran Now Sees a Less Accommodative Rate Path

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