Reported 15 days ago
Federal Reserve Governor Stephen Miran emphasized the urgency for quick interest rate reductions due to increasing trade tensions that heighten uncertainty for economic growth. He stated that the shifting balance of risks necessitates a move toward more neutral monetary policy, especially in light of potential tariffs on China and expectations for two additional rate cuts in the year. Miran's calls for looser monetary policy reflect concerns over slow hiring and rising unemployment, which could affect future economic stability.
Source: YAHOO