Fed Governor Stephen Miran pushes case for central bank to slash key interest rate

Fed Governor Stephen Miran pushes case for central bank to slash key interest rate


Key Points
  • Less than a week after taking his seat, Fed Governor Stephen Miran outlined the reasons why he thinks the central bank’s benchmark interest rate is far too high and should be lowered aggressively.
  • Miran thinks the federal funds rate, a level that banks charge each other for overnight lending but that influences a wide variety of other rates, should be in the low-2% area.



Source

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