Reported 1 day ago
Stephen Miran, Chairman of the Council of Economic Advisors, has called for two half-percentage-point cuts to the main interest rate to mitigate rising unemployment, arguing that current rates are too restrictive. He believes that concerns over tariff-induced inflation are overblown and asserts that reducing interest rates could support the labor market and economic growth. Miran, who voted against a recent quarter-point rate cut, suggests that the neutral rate of interest is lower than previously estimated. He remains committed to a cautious approach to monetary policy despite political pressures.
Source: YAHOO