Fed’s Miran Hasn’t Decided on What Size of Next Rate Cut Should Be

Federal Reserve Governor Stephen Miran says he hasn’t decided yet if he’ll vote for a 25 or 50 basis point interest rate cut at the next meeting. Miran, whose term at the Fed ends in January, has argued for larger cuts since he joined the Board of Governors in September. “You sort of get into territory where you can start micromanaging instead of big cuts,” the Fed governor said. “And I don’t know whether we’re here yet, or it would sort of still take a couple more cuts to get there.” (Source: Bloomberg)