Fed’s Miran Talks Neutral Rate, Tight Policy, Rate Cuts

Federal Reserve Governor Stephen Miran recounts his first experience in a Federal Open Market Committee meeting and explains the factors that have lowered the neutral rate as he calls for rapid interest-rate cuts. Miran says he would “rather act proactively” to lower rates, than “wait for some giant catastrophe to occur.” He speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern

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