Miran’s Fed dissent makes a splash, fails to sway the outcome

September 18, 2025 8:58 AM

Miran’s Fed dissent makes a splash, fails to sway the outcome

If President Donald Trump hoped that putting a close ally at the Federal Reserve would grab headlines, White House economic adviser Stephen Miran's dissent and way-below consensus interest rate projection on Wednesday delivered. If the hope was to have someone on the inside to get the Fed to lower interest rates as sharply as Trump wants, Miran's lone dissent was evidence the gambit had failed, at least for now. Sworn in just before the Fed began its latest meeting, Miran took part in two days...

US Federal Reserve lowers interest rates, signals more cuts ahead

September 18, 2025 8:52 AM

US Federal Reserve lowers interest rates, signals more cuts ahead

The Federal Reserve, goaded by the risk of rising unemployment, reduced interest rates on Wednesday for the first time since December and indicated more cuts would follow to halt any slide in a labor market already experiencing higher joblessness among Blacks, a declining workweek, and other signs of weakness. The decision moves in a direction called for by President Donald Trump, but falls far short of the steep cuts in borrowing costs that he has demanded - and which were apparently penciled ...