New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together

Core Points - Newly-confirmed Federal Reserve Governor Stephen Miran dissented from the decision to lower the federal funds rate by a quarter percentage point, advocating instead for a half-point cut [1][2] - Miran was the sole dissenter in the Federal Open Market Committee's statement, indicating a divergence in monetary policy perspectives among the governors [2] Group 1 - Stephen Miran's confirmation by the Senate to the Fed Board of Governors occurred on Monday, highlighting the political dynamics surrounding his appointment [2] - The Senate Banking Committee's examination of Miran's appointment reflects the balance Republican senators must maintain between supporting an independent central bank and loyalty to party leadership [1] - Governors Michelle Bowman and Christopher Waller, who previously dissented in favor of a quarter-point move, aligned with Fed Chair Jerome Powell and others, showcasing a shift in consensus among the Fed governors [2]