Fed’s Miran pushes for 50 bps cut, says 25 bps ‘minimum’ needed
Fed Governor Miran advocates for a 50 basis point rate cut, deeming 25 bps the absolute minimum.Summary
Federal Reserve Governor Stephen Miran publicly urged the central bank to implement a more aggressive 50 basis point interest rate cut, asserting that even a 25 basis point reduction would be the bare minimum required. Miran argued that basing policy on current data is backward-looking, given that monetary policy effects lag by 12 to 18 months. He pointed to existing signs of cooling in both inflation and the labor market, suggesting the Fed should be more dovish than its September forecast indicated. This stance contrasts with the internal Fed debate, where Chair Jerome Powell has not guaranteed a December cut, reflecting a split among officials regarding whether to hold rates steady against inflation or ease further to support employment.
(Source：Crypto Briefing)