Fed’s Miran says economic vulnerability calls for rapid cuts #shorts #fed #miran #federalreserve

Well, let's get into the neutral argument. I think that's what separates you from a lot of people. So, you've got it in the mid twos, Governor, and you think we should get there quickly. Can you just build out why you believe that's the case and why we should get there so fast.>> Sure. So, look, you know, I discussed a number of forces which have kicked in over the course of this year and which are, I think, in stark contrast to where they were last year. So, I've argued that neutral was higher in the past ...