Lone Fed official pushes jumbo 2026 interest-rate cuts

A rare and politically charged split is opening inside the Federal Reserve as policymakers look toward 2026. When it comes to interest-rate cuts this year, there’s one Fed official who wants the divisive central bank to go big — really, really big. Potential hiccup: He may be gone by the end of the month. Federal Governor Stephen Miran told Fox Business Network on Jan. 6 that the Federal Open Market Committee will need to cut interest rates by more than a percentage point in 2026. That’s not only 100 ...