US EditionMiran touts Trump policies, calls for lower rates in first Fed speech
Miran argues recent policies have created disinflationary pressure supporting a nearly 2-point rate cut, diverging sharply from his Fed colleagues' cautious approach.
- Less than a week after taking his seat, Federal Reserve Governor Stephen Miran outlined why he thinks the benchmark interest rate should be lowered aggressively by nearly 2 percentage points.
- Miran cited Trump administration policies like lower business regulations, tax cuts, tariff revenue, and immigration clampdown as disinflationary factors supporting rate cuts.
- Miran was the sole dissenter in the Federal Open Market Committee's recent decision to lower rates by only a quarter percentage point, advocating instead for a half-point cut.
51 Articles
51 Articles
Fed Officials Split Over Rate Cuts Deepen Rift - American Faith
Federal Reserve officials are increasingly divided over the future of interest rates, with a growing rift between those who believe monetary policy is too tight for a softening labor market and others who remain focused on persistent inflation. The disagreement comes on the heels of last week’s quarter-point rate cut and reflects broader uncertainty over how to balance the Fed’s dual mandate of stable prices and maximum employment. Governor Step…
Rate cut? So what?
Newly appointed Fed governor Stephen Miran has argued the federal funds rate should be a full two percentage points lower than its current level. A major cut like that could lower bond yields and reduce borrowing costs, spurring spending. But longer-term, inflation would likely balloon. After that: Auto dealers face new obstacles as EV tax credits end, a traveling nurse navigates frequent moves, and U.S. economic growth is “more resilient than e…
The Fed's new governor, Stephen Miran, appointed by Donald Trump, calls for a reduction in interest rates of about 2%, against the current of his colleagues. He defends a more flexible monetary policy to avoid unemployment and layoffs.
Miran defends low-rate view as colleagues caution on further cuts
New Federal Reserve Governor Stephen Miran said on Monday that the Fed is misreading how tight it has set monetary policy and will put the job market at risk without aggressive rate cuts, a view countered in remarks by three of his colleagues who feel the central bank needs to remain cautious about inflation.
Trump’s Fed Appointee Seeks Sharper Rate Cuts
Federal Reserve Governor Stephen Miran said the U.S. central bank should be more aggressive in cutting interest rates. Last week, the Fed lowered a key policy rate by a quarter point for the first time this year to a new target range of 4 to 4.25 percent. While investors anticipated substantial rate-cutting over the next 15 months, monetary policymakers signaled a more conservative outlook. Officials believe the federal funds rate—which influenc…
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