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the-fed-cut-rates,-but-their-“dot-plot”-is-hawkish
The Fed Cut Rates, but Their “Dot Plot” Is Hawkish

The Fed Cut Rates, but Their “Dot Plot” Is Hawkish

Last updated: September 24, 2025 6:48 am
By Louis Navellier
1 Min Read
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The Fed Cut Rates, but Their “Dot Plot” Is Hawkish

Stephen Miran, President Donald Trump’s nominee to be chairman of the Council of Economic Advisers, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington on Feb. 27, 2025. Annabelle Gordon/Reuters

Commentary

Last Wednesday, the Federal Open Market Committee (FOMC) cut key interest rates by 25 basis points (0.25%). The 11-to-1 vote was widely anticipated, and the sole dissenter was the newest FOMC member, Trump nominee Stephen Miran, who voted against the 0.25% because he favored a larger (0.50%) cut.

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