JUST IN: 🇺🇸 Fed Governor Stephen Miran signals major rate cuts ahead
Fed Governor Stephen Miran has delivered one of the most dovish messages from the Fed in months.
Key Points:
📉 “The economy calls for large interest rate cuts.”
💼 Hopes upcoming jobs data will push more Fed members to support rate cuts.
🤖 Says it’s difficult to quantify AI’s impact on economic productivity.
📊 Rising unemployment is a sign that monetary policy is too tight.
⚖️ Urges the Fed to return to a neutral rate as quickly as possible.
🔥 “I don’t see an inflation problem.”
🏡 Concerned about rising cost of living, but stresses policy must be forward-looking.
This is one of the strongest signals yet that the Fed may shift aggressively toward easing—potentially igniting markets if confirmed by incoming data.