Summary
- Fed board member Steve Miran said maintaining interest rate cuts is reasonable.
- Miran said that, considering current economic indicators and global uncertainty, it is necessary to continue interest rate cuts.
- He emphasized that excessive tightening can undermine growth momentum.
Steve Miran, a member of the U.S. Federal Reserve (Fed), said it remains reasonable to maintain a policy of cutting interest rates.
On the 5th (local time), according to economic news channel Walter Bloomberg, Miran, who is known as a close aide to President Trump, said, "Considering current economic indicators and global uncertainty, it is reasonable to continue cutting rates."
He emphasized, "Inflation is showing an easing trend while the economic recovery continues moderately," and "Excessive tightening can undermine growth momentum."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Today’s Key Economic & Crypto Calendar] US January Manufacturing PMI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Market] Bitcoin breaks below $76,000 as selloff shows no sign of easing](https://media.bloomingbit.io/PROD/news/0b328b54-f0e6-48fd-aeb0-687b3adede85.webp?w=250)
![[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300](https://media.bloomingbit.io/PROD/news/f368fdee-cfea-4682-a5a1-926caa66b807.webp?w=250)
