Fed Dissenter: Miran's Rate Cut Call Sparks Debate
Update: 2025-09-19
Description
Is the Fed becoming too political? New governor Stephen Miran is calling for aggressive interest rate cuts, sparking debate about the Fed's independence. With Miran's White House ties and a Supreme Court battle over another governor's removal, concerns are rising about political influence on monetary policy. Miran argues low inflation and declining immigration justify lower rates, while others like Neel Kashkari share worries about job growth. Will the Fed prioritize economic data or political pressure?
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