Fed's Miran: Can't judge stance of monetary policy from buoyant financial markets
Update: 2025-11-03
Description
Federal Reserve officials are divided over the need for interest rate cuts, with some advocating for larger cuts to stimulate growth and others warning of inflation risks. The debate is intensifying ahead of the next policy meeting, as fresh economic data is unavailable due to the government shutdown. Fed Governor Stephen Miran supports a half-percentage point cut, while Chicago Fed President Austan Goolsbee and Kansas City Fed President Jeffrey Schmid urge caution. The differing views highlight the challenge of reaching consensus on the best path forward for the economy.
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