đŁ Fed Governor Stephen Miran Urges a Shock 50-Point Rate Cut This December đ„
Brace yourselves â Federal Reserve Governor Stephen Miran just dropped a bombshell đŁ. In a CNBC interview, Miran called for a massive 50 basis point rate cut at the upcoming December 17â18 Fed meeting, arguing that the current policy is too restrictive and risks choking off growth đ.
Miran â who already dissented from smaller 25-point cuts in September and October âïž â says itâs time for a bold, forward-looking move. With inflation cooling đ§ and the jobs market weakening đ§âđ, he believes the Fed must act decisively to reignite economic momentum đ„.
His stance highlights growing tensions inside the Fed đ§©, as officials struggle to strike a balance between stimulating the economy and keeping inflation under control đž. The December meeting could mark a turning point â and markets are watching closely đ.