Miran Urges December Rate Cut, Cites Limited Data
Update: 2025-11-05
Description
Federal Reserve Governor Stephen Miran expresses concerns about the current economic policy, deeming it too restrictive and posing unnecessary risks. He suggests a December rate cut to ease economic pressures, citing a welcome surprise in private hiring data. Despite ongoing data limitations due to the government shutdown, Miran remains optimistic about a December rate cut, while Chair Jerome Powell cautions against it.
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