New Federal Reserve governor Stephen Miran said Monday he wants central bank interest rates to be roughly 2 percentage points lower, arguing that the current level is too high and poses risks to the US economy. “Monetary policy is well into restrictive territory,” Miran said in a speech at the Economic Club of New York. “Leaving short-term interest rates roughly 2 percentage points too tight risks unnecessary layoffs and higher unemployment.” Miran said he believes the appropriate level for the Fed’s p ...