🏛 Fed’s Stephen Miran Pushes for Series of 50-bps Rate Cuts After FOMC Dissent

Newly appointed Fed Governor Stephen Miran is making waves after becoming the lone dissenter at last week’s FOMC meeting. In a FOX Business interview, he called for a series of 50-basis-point cuts to bring policy closer to the neutral rate — a dramatic pivot from the Fed’s recent stance.

🔑 Key Highlights:

◾️ Miran says current monetary policy is “too restrictive”, risking downside shocks to the economy.

◾️ He believes larger cuts now would allow the Fed to “cool off later” after rebalancing policy.

◾️ Fellow officials remain worried about Trump tariffs and inflation, but Miran sees greater risks in the labor market.

◾️ Treasury Secretary Scott Bessent echoed similar concerns, suggesting up to 150 bps cuts by year-end.

◾️ Meanwhile, crypto markets reacted negatively to the first Fed rate cut, with Bitcoin slipping below $117K.

💡 Why It Matters:

Miran’s comments signal an emerging policy debate inside the Fed, potentially reshaping market expectations for rates, the economy, and risk assets — including crypto.

📥 Takeaway:

If the Fed pivots aggressively, it could impact everything from bond yields to crypto prices.

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#FederalReserve #InterestRates #Markets #Crypto #Bitcoin

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