Fed’s Miran says December rate cut would be reasonable
Crypto Briefing
Fed Governor Stephen Miran believes a December interest rate cut is reasonable to mitigate recession risks.Summary
Federal Reserve Governor Stephen Miran stated on November 5 that he would support an interest rate cut at the central bank's December policy meeting, viewing it as the reasonable path forward based on current conditions. Miran has publicly cautioned that maintaining a tight monetary policy risks triggering an economic downturn, thus advocating for proactive rate adjustments. This stance highlights divisions among Fed officials, as Miran previously dissented in favor of a larger rate cut at the last meeting, while Chair Jerome Powell acknowledged varying views on future easing.
(Source：Crypto Briefing)