Stephen Miran Calls for Deeper Interest Rate Cuts, Sparking Market Uncertainty

Federal Reserve Governor Stephen Miran expressed his strong belief in aggressive interest rate cuts to address inflationary pressures, signaling a potential shift in monetary policy and impacting various markets. Miran advocates for a 1/2 percentage point reduction in the federal funds rate, contrasting with other Fed officials who hold a more cautious stance on further easing. His proposal has triggered discussions regarding the implications for risk-on assets like Bitcoin and Ethereum.