Not surprising Miran dissented in favor of 50 bps rate cut: Former Fed Vice Chair Richard Clarida
Youtube·2025-09-17 19:02

分组1 - The Federal Reserve's recent decision to cut rates was influenced by risk management considerations, particularly regarding the labor market [2][8] - There were differing opinions within the Fed, with some members advocating for no cuts while others supported more aggressive cuts, indicating a division between hawks and doves [5][6] - The Fed appears confident that inflation will not experience second-round effects despite a softer labor market, which contributed to the decision for a rate cut [8] 分组2 - The market is interested in hearing the Fed chair's views on the independence of the Fed, the balance sheet, and risks to the labor market and inflation in upcoming meetings [10][11] - There is skepticism among some Fed officials regarding further rate cuts, suggesting a cautious approach moving forward [5][6]