Reported 1 day ago
Federal Reserve governor Stephen Miran believes that further interest rate cuts, including a possible reduction in December, would be a 'reasonable action' despite recent concerns from other Fed officials about inflation. Miran preferred a larger cut of 50 basis points at the latest policy meeting and aims to achieve a neutral policy stance faster than his colleagues. He acknowledged uncertainties in economic data due to the government shutdown but maintained his outlook on continued rate cuts unless significant new information emerges.
Source: YAHOO