Stephen Miran, chair of the White House Council of Economic Advisers and President Donald Trump’s nominee for an open Federal Reserve Board seat, said the latest Consumer Price Index shows inflation “well behaved” and under control at the aggregate level. Speaking in back-to-back television interviews on 12 August, Miran noted CPI inflation has averaged about 1.9% on an annualised basis since the administration took office and that the Bureau of Labor Statistics data set is rarely revised. He added there is no material uptick in new-car prices and only isolated relative price shifts across sectors. Miran also dismissed concerns that the 145% tariff on Chinese imports, in force since April, is fuelling broad inflation. “There is no evidence of tariff-induced inflation,” he said, arguing the burden of higher duties is being borne largely by the targeted exporters. The adviser credited the administration’s disinflationary policies for keeping consumer-price pressures contained and said he expects future inflation to remain manageable—comments likely to reinforce market expectations that the Federal Reserve has latitude to keep policy accommodative.