Trump-appointed Miran continues backing aggressive Fed rate cuts

Fed Governor Stephen Miran wants the central bank to apply a “brisk pace” in its rate cuts, differing from the opinion of other officials who advocate for a cautious approach. Dallas Fed President Lorie Logan and Chicago Fed President Austan Goolsbee are among the Fed officials who raised concerns about economic and inflation conditions. Fed Chair Jerome Powell also noted that large rate cuts lack support, emphasizing a policy consensus that balances the central bank’s monetary policy approach. He claimed that making significant policy moves at this time is unnecessary. JPMorgan CEO Jamie Dimon expressed doubt about future rate cuts...