Group 1 - The core argument presented by Stephen Miran emphasizes the necessity for significant interest rate cuts to achieve a neutral rate that neither stimulates nor hinders economic growth [1][2] - Miran's stance is based on an assessment of the Trump administration's policies, which he believes have lowered the necessary interest rates to combat inflation, suggesting that the current benchmark rate is too high [1] - Miran has indicated that he may continue to vote against the Federal Reserve's decisions if they do not align with his views on the need for substantial rate cuts [1] Group 2 - There is significant internal disagreement within the Federal Reserve regarding the pace of interest rate cuts, with some officials warning about limited room for further easing in the context of high inflation [2] - Recent economic data, including a notable increase in Q2 economic growth and steady consumer spending, has contributed to policymakers' hesitance regarding immediate rate cuts [2] - Some economists acknowledge that while Miran's logic has merit, they question whether the neutral rate is as low as he claims, suggesting that if it were, the economy and financial markets would have already faced severe downturns [2]
美联储理事米兰激进降息论遭华尔街炮轰 小摩：论点值得怀疑且不完整
智通财经网·2025-09-30 01:52