Reported about 4 hours ago
In a recent Federal Reserve meeting, economic advisor Stephen Miran, appointed by President Trump, cast the only dissenting vote in favor of a significant interest rate cut, advocating for a half-percentage-point reduction. Despite his intentions to influence Fed policy toward lower rates, the majority of Fed officials opted for a smaller cut, indicating limited support for Miran's position. Fed Chair Jerome Powell emphasized a unified decision-making process and the importance of arguments based on economic data, as analysts noted Miran's projections are significantly more aggressive than those of his colleagues. As the Fed maintains its independence, Miran's dissent highlights internal divisions over interest rate policy in the current economic climate.
Source: YAHOO