Miran, Fed governor: "A roughly 1%p cut in the policy rate is needed this year"

Stephen Miran, a governor at the U.S. Federal Reserve (Fed), publicly mentioned the need for rate cuts this year.

According to BlockBeats, a media outlet specializing in virtual assets (cryptocurrencies), on the 3rd, Miran said, "The Fed needs to cut the policy rate by about 1% point this year."