Federal Reserve Governor nominated by Trump calls again for significant rate cuts
According to Jinse Finance, citing CCTV News, Federal Reserve Governor Stephen Miran has once again called for a more aggressive rate-cutting path, while emphasizing that his differences with other decision-makers are "not as significant as the public imagines." In an interview, Miran stated that if policy goes off track, "adjustments should be made at a relatively rapid pace." He believes that the current policy is actually more restrictive on growth, and therefore a more accommodative monetary environment is needed.
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