Fed’s Miran doubles down on call for 50 bps cut, warns policy risks downturn

Federal Reserve governor Stephen Miran renewed his push for a 50 basis point rate cut in December, warning that the central bank’s current policy risks tipping the economy into a downturn. Speaking Monday on the Bloomberg Surveillance television program, Miran said, “The Fed is too restrictive, neutral is quite a ways below where current policy is.