Stephen Myron
👤 SpeakerAppearances Over Time
Podcast Appearances
My view is that almost all of the excess inflation over Target is due to quirks of how we calculate inflation.
His term on the Federal Reserve Board ends at the end of the month, but Stephen Myron says the Fed should be aggressive this year and then cut rates by well over a full percentage point.
The Fed lowered rates three times late last year, a quarter point each.
Myron voted for double that in December.
He's been on leave as chair of President Trump's Council of Economic Advisors since September, serving out the term of a Fed governor who resigned.
A listening experience that will provide hope, comfort, and understanding of the greatest story ever told.
Listen and follow now at foxnewspodcasts.com or wherever you listen to podcasts.
His term on the Federal Reserve Board ends at the end of the month, but Stephen Myron says the Fed should be aggressive this year and cut rates by well over a full percentage point.
The Fed lowered rates three times late last year, a quarter point each.
Myron voted for double that in December.
He's been on leave as chair of President Trump's Council of Economic Advisors since September, serving out the term of a Fed governor who resigned.
Stephen Myron, who joined the Fed board in September, cast the lone vote that month for a supersized rate cut.
He also projected two more jumbo rate cuts by December, a forecast far more aggressive than anyone else on the Fed's rate-setting committee.
Myron says he expects housing costs to cool, and he doesn't believe Trump's tariffs will cause much of a jump in prices.
Scott Horsley, NPR News, Washington.
President Trump has been pushing the Federal Reserve to cut interest rates more aggressively, and his latest appointee to the Fed governing board has been echoing that view.
Stephen Myron, who joined the Fed board in September, cast the lone vote that month for a supersized rate cut.
He also projected two more jumbo rate cuts by December, a forecast far more aggressive than anyone else on the Fed's rate-setting committee.