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Miran Calls for Aggressive Rate Cuts
Published 1 week ago
Description
Federal Reserve Governor Stephen Miran advocates for aggressive interest rate cuts this year, arguing current policy is too restrictive. He expects robust economic growth but warns of potential downturn without lower borrowing costs. Miran, a top economic advisor to President Trump, dissented on a rate cut last year and doesnt see himself replacing Chair Jerome Powell. The Fed has already lowered rates by three quarters of a percentage point last year, but many officials worry about inflation and have planned just one cut for this year.
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