NEW YORK, Oct 7 (Reuters) -

Federal Reserve Governor Stephen Miran on Tuesday said that

the U.S. bond market's current relative calm supports a swift

push to lower interest rates.

Given that market signals in reaction to Fed policy

changes can carry valuable feedback in the wake of a policy

change, Miran said "I would actually argue that the bond market

behavior last year bore out my argument" that rates needed to be

higher, "and this year, thus far, it is again bearing out my

argument" for a swift pace of easing. He was speaking at an

event held by the Managed Funds Association in New York.

Miran, who is on leave from the Trump White House to

serve as a Fed governor, wanted the central bank to implement a

more

aggressive rate cut

than the Federal Open Market Committee delivered at last

month's policy meeting. Miran reiterated in his appearance that

an expected moderation in inflation as well as changes in the

underlying state of the economy continue to argue for aggressive

rate cuts.

That the bond market took the Fed's latest easing with

little reaction is a sign it supports a swift move down in

rates, Miran said.

The central banker also said that amid a government

shutdown over political wrangling over the budget, U.S.

government data are still the "gold standard," although "there

has been some deterioration in quality in recent years due in

part to declining response rates."

"People have to believe that the data are reflective of

the true state of the economy and not...doctored to achieve a

particular, to achieve a particular political outcome," Miran

noted. His comment comes as Trump moves to install an ally at

the Bureau of Labor Statistics after he fired a key government

statistical official in August in the wake of a weak jobs

report, raising questions about the reliability of the data.

Given some of the issues with government data, "I do

think it's important to have democratic accountability so that

you can make sure that you are putting into place

leadership

" in government agencies that gets to "improving things over

time, but that's not really a Federal Reserve issue," Miran

said.