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News  ›  Benzinga

Trump Loyalist Stephen Miran's 'Utterly Incoherent Case For Rate Cuts' Convinces 'No-One,' Says Economist After His Dissent

Benzinga Logo Benzinga By Rishabh Mishra
Trump Loyalist Stephen Miran's 'Utterly Incoherent Case For Rate Cuts' Convinces 'No-One,' Says Economist After His Dissent

The Federal Reserve cut interest rates by 0.25%, with internal dissent from Governor Stephen Miran who wanted a larger 0.5% cut. Economist Justin Wolfers criticized Miran's stance, and markets reacted nervously to the uncertainty around future rate cuts.

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