Federal Reserve Governor Urges Rate Cuts Amid Rising Trade Tensions

Stephen Miran, a member of the Federal Reserve Board, called for immediate interest rate cuts to mitigate economic risks stemming from escalating US-China trade tensions. His remarks at a CNBC event on October 16, 2025, highlight the urgent need for policy adjustments as market volatility increases. Miran emphasizes that these shifts are crucial to counter potential shocks and ensure a more stable economy.