Federal Reserve Governor Miran Dissent: Current Policy Too Restrictive, Advocates for Substantial Rate Cut
Federal Reserve Governor Miran Dissent: Current Policy Too Restrictive, Advocates for Substantial Rate Cut Federal Reserve Governor Miran has publicly articulated a dissenting view on current monetary policy, arguing that the federal funds rate is “very restrictive” and poses “material risks” to the Fed’s employment mandate. Speaking recently, Miran stated his belief that the appropriate fed funds rate should be in the mid-2 percent area, nearly two percentage points lower than the current policy. Miran’s analysis, presented in his first…