All articles tagged with #miran
Federal Reserve Governors Stephen Miran and Christopher Waller have differing views on the pace of interest rate cuts, with Miran advocating for a half-point reduction and Waller supporting a quarter-point cut, amid economic uncertainties and geopolitical tensions. The Fed's upcoming meeting on October 28-29 is expected to decide on rate reductions, with market expectations leaning towards a quarter-point cut.
Federal Reserve Governor Stephen Miran's call for aggressive interest rate cuts to reach a neutral level has been largely rejected by Wall Street economists, who find his arguments questionable and unsupported by recent economic data, despite Miran's persistent advocacy for rapid rate reductions.
Stephen Miran, a Trump appointee to the Federal Reserve, advocates for significantly lower interest rates around 2.5%, diverging from his colleagues, citing factors like reduced immigration and tariff revenues. His stance highlights ongoing debates within the Fed about the appropriate rate and inflation targets amid political pressures and economic uncertainties. Miran emphasizes independence in decision-making, despite concerns over political influence and the Fed's traditional autonomy.
Federal Reserve governor Stephen Miran advocates for significant interest rate cuts to prevent unnecessary damage to employment, highlighting tensions between the Fed's policies and political pressures from President Trump, and emphasizing a lower neutral rate influenced by recent policies and demographic changes.
Federal Reserve Governor Stephen Miran advocates for aggressive rate cuts, arguing that current rates are too restrictive given recent policy changes and economic conditions, and emphasizing the need to balance inflation control with supporting employment and growth.
Federal Reserve Governor Stephen Miran argues that Trump's tariffs are not causing material inflation and advocates for aggressive interest rate cuts to support the labor market, dissenting from the Fed's cautious approach amid signs of labor market weakening.
The Federal Reserve's upcoming meeting is under political scrutiny as new governor Stephen Miran, aligned with Trump, and legal battles involving Lisa Cook, who is defending her position against Trump's efforts to remove her, cast uncertainty over the decision to lower interest rates, with potential implications for the Fed's independence and policy direction.
The Senate confirmed White House economic adviser Stephen Miran to the Federal Reserve board along party lines, raising concerns about the Fed's independence amid ongoing debates over interest rate policies and Trump's influence on the central bank.
The Wall Street Journal criticizes Senate Republicans for confirming Trump's Fed nominee, Stephen Miran, warning that this short-term decision may set a problematic precedent for future Democratic administrations and undermine long-term independence of the Federal Reserve.
The article covers various political and economic developments involving President Trump, including the temporary appointment of Stephen Miran to the Federal Reserve amid concerns over his independence, the legal battle to keep Lisa Cook on the Fed, and ongoing controversies related to Trump's alleged ties to Jeffrey Epstein, alongside other political updates.
The Senate Banking Committee advanced Stephen Miran's Fed nomination along party lines, House Speaker Johnson supports an offshore wind project near Virginia Beach amid Trump administration opposition, Schumer pushes for transparency on Epstein files, Democratic leaders strategize on upcoming funding deadlines, and a court rules in favor of copyright official Shira Perlmutter remaining in her post.
Senate Republicans are surprised by a dilemma involving Fed nominee Miran, who plans to take a leave of absence from the White House Council of Economic Advisers for a short-term appointment, raising questions about Fed independence and confirmation procedures.
Senate Republicans aim to swiftly confirm Stephen Miran to the Federal Reserve board before the Fed's next interest rate decision, amidst ongoing political debates over Fed independence and Trump's influence, with a tight timeline and potential rule changes to expedite the process.
President Trump has appointed Stephen Miran to the Fed with a vision for a major overhaul of the central bank, including structural reforms and increased political influence, reflecting Trump's desire for significant changes in monetary policy and Fed independence.