U.S. interest rates are way too high, Fed's Miran says, and rising layoffs and unemployment could be the result

Core Viewpoint - The new Federal Reserve official Stephen Miran expressed concerns that U.S. interest rates are excessively high, which could lead to unnecessary layoffs and increased unemployment if not significantly reduced [1] Group 1 - Stephen Miran's first major speech highlighted the risks associated with high interest rates [1] - The potential consequences of maintaining high interest rates include unnecessary layoffs and a rise in unemployment [1]