By Jamie McGeever
WASHINGTON (Reuters) -Federal Reserve Governor Stephen Miran on Thursday said he’s not concerned that easing monetary policy risks further inflating historically and in some cases record-high asset prices.
“There’s a lot of things that drive asset prices,” Miran told Reuters on the sidelines of an Institute of International Finance meeting. “Monetary policy is one of them, but also changes to fiscal policy, regulatory policy, global scenarios – there’s a lot of things that drive them. When I think about the financial condition that matters most in terms of the real economy it’s going to be ones related to housing, and those look a lot less easy. There are people who are concerned about that (asset price boom). I’m focused on inflation and maximum employment.”
(Reporting by Jamie McGeever)
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