Trump’s Fed pick doubles down on calls to aggressively cut interest rates

<p>Stephen Miran says rates should be below 3% by end of year and dismisses fears of US president’s tariffs stoking inflation</p><p>Stephen Miran, <a href="https://www.theguardian.com/us-news/donaldtrump">Donald Trump</a>’s new appointee on the <a href="https://www.theguardian.com/business/federal-reserve">Federal Reserve</a>’s interest-rate-setting board, has doubled down on his calls for the central bank to more aggressively cut interest rates.</p><p>Last week, the Fed <a href="https://www.theguardian.com/business/2025/sep/17/us-federal-reserve-interest-rates-jerome-powell">cut interest rates</a> by a quarter point, bringing rates down to a range of 4% to 4.25% – the lowest it’s been since early 2023. Out of 12 voting board members, Miran was the only one to vote against the crowd. He wanted a half-point cut, not a quarter-point cut.</p> <a href="https://www.theguardian.com/business/2025/sep/22/trump-federal-reserve-stephen-miran-interest-rates">Continue reading...</a>