U.S. Fed Governor Steven Miran "Rate cuts expected to continue for months"

Suehyeon Lee

Summary

Steven Miran, a Fed governor, said rate cuts are expected to continue for the coming months.
Miran indicated that an accommodative monetary policy stance will continue.
He said he would try to persuade other policymakers to pursue faster rate cuts.

Steven Miran, a Fed governor, said rate cuts are likely to continue over the next several months.

On the 20th (local time), according to BlockBeats, Miran said, "I believe rate cuts will continue for the next few months," indicating that an accommodative monetary policy stance will persist.

He also said, "I will try to persuade other policymakers to cut rates more quickly." Meanwhile, Miran was the only member at this Federal Open Market Committee (FOMC) meeting to oppose a 25bp rate cut, and he had advocated for a more aggressive 50bp cut.