U.S. Fed board member Miran "50bp rate cut in December appropriate"

JH Kim

Summary

Fed board member Stephen Miran said at the December meeting that a 50bp rate cut would be appropriate.
Miran said that, based on the slowdown in economic growth and easing of the labor market, a minimum 25bp cut is necessary.
He emphasized that easing monetary tightening is needed to reduce downside risks to the real economy.

U.S. Federal Reserve (Fed) board member Stephen Miran (Stephen Miran) said a 50bp(0.5%points) rate cut would be appropriate at the December meeting.

On the 10th (local time), according to breaking economic news channel Walter Bloomberg (Walter Bloomberg), Miran, who also serves as an economic adviser to President Trump, said, "Considering the slowdown in economic growth and the easing of the labor market, at least 25bp should be cut, and a 50bp cut would be more appropriate."

He added, "The Fed's policy goals include not only price stability but also maintaining sustainable employment," and "Now is the time to ease monetary tightening to reduce downside risks to the real economy."