Miran Says Half-Point Cut 'Appropriate' for December, but Fed Should at Least Reduce by a Quarter Point
15 Articles
15 Articles
The official considers it necessary to cut rates more aggressively, arguing that the economy needs quick relief to avoid a slowdown. *** Miran proposes a 50-point cut in December to speed up the recovery He notes that the Fed is “moving too slow” and runs the risk of falling behind The internal division in the committee reflects opposing views on inflation and employment The U.S. Federal Reserve Governor Stephen Miran believes that the agency sh…
Miran says Fed should cut 25bps in December 'at a minimum'
Federal Reserve Governor Stephan Miran said emerging stresses in housing and private credit markets warrant a reduction to short-term interest rates. While preferring a 50 basis point cut in December, Miran said he would settle for a 25 basis point reduction.
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