Kudos to Fed board members Stephen Miran and Chris Waller for dissenting at today’s Open Market Committee meeting. In favor of lowering the Fed funds by one quarter of a percentage point. The economy is in a disinflationary supply-side boom. Growth is strong, but inflation pressures are actually easing. Some quick numbers: over the past three months, the core personal consumption expenditures price index has increased only 2.3 percent annually, and has been coming down. The three-month core consumer price i ...