Fed’s Miran backs 50bp cut, warns trade war add to downside growth risks

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Fed Governor Stephen Miran said today that he would support a 50bps rate cut at the upcoming policy meeting, arguing that monetary policy remains too restrictive given the heightened risks surrounding U.S.–China trade tensions. Speaking to Fox Business, Miran said that the escalation in trade uncertainty adds downside risks to growth and that the Fed […]The post Fed’s Miran backs 50bp cut, warns trade war add to downside growth risks appeared first on Action Forex.