Miran Wanted a Bigger Rate Cut–Schmid Wanted None

Group 1 - The Federal Reserve cut interest rates by a quarter of a percentage point during the October FOMC meeting, with dissenting votes from Stephen Miran and Jeffrey Schmid [2] - Miran advocated for a larger rate cut of half a percentage point, while Schmid preferred to maintain the current rates [2] - Miran's dissent is notable as back-to-back dissents from the same governor are uncommon in the Federal Reserve's history [2]