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Why Fed Should Not Cut in December
As the Federal Reserve approaches the December 9–10 meeting dates of the Federal Open Market Committee, an increasingly sharp internal debate has emerged over whether to pursue a third rate cut this year. Two key voting members — Federal Reserve Board Governor Christopher Waller, widely regarded as a potential successor to Chairman Jerome Powell, and Stephen Miran, recently elevated by President Trump to the Board of Governors—are expected to support another reduction in the Federal Funds rate. Miran has already been in the dissenting minority at the past two meetings, seeking a 50 basis point reduction in each ... (full story)
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