Fed's Miran Demands Over 100 Basis Points Rate Cuts in 2026, Citing Restrictive Policy
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Moneycontrol•06-01-2026, 20:20
Fed's Miran Demands Over 100 Basis Points Rate Cuts in 2026, Citing Restrictive Policy
- •Fed Governor Stephen Miran advocates for over 100 basis points (more than a full percentage point) of interest rate cuts in 2026.
- •Miran argues current monetary policy is "clearly restrictive" and "holding the economy back."
- •His comments contrast with other Fed officials like Tom Barkin and Neel Kashkari, who suggest rates are near a "neutral" level.
- •The Federal Reserve cut rates last month for the third consecutive time, but future reductions are not guaranteed due to split outlooks on inflation and the labor market.
- •The central bank's benchmark rate is 3.5%-3.75%, with neutral level estimates ranging from 2.6%-3.9%.
Why It Matters: Fed's Miran pushes for significant rate cuts in 2026, challenging views on current policy's restrictiveness.
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