Fed Debate Heats Up: Cut Interest Rates to Save Jobs or Hold Firm Against Inflation?

Michael Nagle / Bloomberg via Getty Images Fed Governor Stephen Miran is one of the policy committee members advocating for a rate cut in December. Key Takeaways Federal Reserve officials shared opposing viewpoints as to whether the Fed should cut its benchmark interest rate in December. Raphael Bostic argued inflation is a greater threat than unemployment, and said the Fed should keep rates higher longer to combat price increases. Stephen Miran predicted high inflation would subside as a result of f ...