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Miran joins Fed as bank prepares to cut rates
President Trump’s top White House economist officially joined the Federal Reserve board of governors Tuesday as the central bank kicked off a critical meeting on interest rates. Stephen Miran was sworn in as a member of the Fed board, the central bank announced Tuesday, barely 12 hours after the Senate voted to approve his nomination along party lines. Miran will take an unpaid leave of absence from the White House, where he serves as chairman of the Council of Economic Advisers (CEA), while he serves out the remaining four months of the Fed board term he took up Tuesday. The Fed board includes seven members, or ... (full story)
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From finance.yahoo.com | Sep 16, 2025
The Federal Reserve is widely expected this week to make its first interest rate cut of 2025, but the bigger question for investors is how many more cuts could be on the way as the central bank contends with a weak job market, sticky inflation, and mounting White House pressure. One clue will come in the form of the Fed's "dot plot," a chart updated ...
Wednesday will see the Fed deliver an interest rate cut, most likely 25bp. It's fully priced. So, material market impact would have to come from either a surprise 50bp cut, or commentary from Chair Powell that swings dramatically in either a decidedly hawkish or dovish direction. A 25bp cut gives room for a somewhat dovish leaning, while a 50bp cut would ...
Global markets kicked off Tuesday with heightened volatility as investors position themselves ahead of key central bank decisions. Gold (XAU/USD) hovers near record highs, supported by persistent Fed rate cut bets weighing on the US Dollar (DXY). Meanwhile, the UK labor report is in focus for the British Pound (GBP/USD), while expectations of a BoJ rate ...
