Federal Reserve’s Miran Urges Rate Cuts Amid Trade Uncertainty, Citing Downside Risks
Federal Reserve Governor Stephen Miran stated that escalating trade uncertainty has increased downside risks, making rapid interest rate cuts more urgent. He emphasized during a CNBC event that policymakers must reflect these risks in monetary policy decisions.
Federal Reserve Governor Stephen Miran has issued a stark warning about the economic impact of recent trade tensions, stating that increased uncertainty makes interest rate cuts more urgent for policymakers. During a Wednesday event organized by CNBC, Miran emphasized that the growing trade policy uncertainty between the United States and China has created new vulnerabilities in the economic outlook that demand immediate policy response.