Stephen Miran, nominee for the Federal Reserve Board of Governors, testifies before the Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Sept. 4, 2025. Madalina Kilroy/The Epoch Times
Federal Reserve board member Stephen Miran said the U.S. central bank should be more aggressive in cutting interest rates.
Last week, the Fed lowered a key policy rate by a quarter point for the first time this year to a new target range of between 4 percent and 4.25 percent. While investors anticipated substantial rate-cutting over the next 15 months, monetary policymakers signaled a more conservative outlook.
