“And I don’t think that’s appropriate given the economic outlook,” he continued. “So I think it’s the right thing to cut interest rates rather quickly.”<\/p>\n
Policymakers on the Federal Open Market Committee (FOMC) were divided at their late October meeting over whether there should be an additional rate cut at their next meeting in mid-December amid concerns about a\u00a0softening labor market and persistent inflation<\/a>.<\/p>\n ONE MARKET SHIFT FROM \u2018UNDERWATER\u2019: CREDIT EXPERT UNCOVERS THE REAL RISKS OF 50-YEAR MORTGAGES<\/a><\/p>\n The Fed cut rates for the first time this year in September and followed that up with a second 25-basis-point cut in October, leaving the benchmark federal funds rate in a range of 3.75% to 4%.<\/p>\n Stephen Miran, governor of the U.S. Federal Reserve, during a television interview on the floor of the New York Stock Exchange (NYSE) in New York, on Nov. 10, 2025. (Getty Images)<\/p>\n Miran advocated for a series of 50 basis point cuts and an overall dovish stance moving forward, pointing to recent jobs numbers and low inflationary risks.<\/p>\n “I think what you’ll see on the rest of the committee is that the labor market data that we got recently, I hope, will move people in my direction of thinking it’s appropriate to continue cutting interest rates. I think that’s what the data called for,” he said, referencing the better-than-expected September jobs report.<\/a><\/p>\n “A lot of people, if you look at where their projections for the economy go, and what we call \u2018the dots,\u2019 they have us getting towards neutral rates. It’s just over the question of how quickly we get there. And I want to get there rather quickly because I don’t see an inflation problem,” Miran explained.<\/p>\n Federal Reserve Governor Christopher Waller joins FOX Business\u2019 Edward Lawrence for an exclusive interview where he signals support for another quarter-point rate cut in December as inflation cools and the labor market weakens.<\/p>\n “In my mind, almost all of the inflation excess is a mirage. It’s due to supply and demand imbalances in the housing market\u2026 and because the monetary policy lags.”<\/p>\n However, current monetary policy still puts pressure on America\u2019s workforce.<\/p>\n “We have to recognize that the unemployment rate has been drifting higher, and that is a function of monetary policy being too tight,” Miran noted.<\/p>\n “Now, my concern is that if we don’t continue cutting rates and do so at a reasonably quick pace, that monetary policy will nip all those positive developments in the bud, and we will not get the recovery in the labor market that I think is appropriate.”<\/p>\n GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/a><\/p>\n Heritage Foundation chief economist EJ Antoni criticizes the Federal Reserve’s stance on inflation, explores the affordability crisis and more on ‘Making Money.’<\/p>\n The Fed governor also agreed with anchor Maria Bartiromo that widespread relief is needed across America\u2019s real estate markets and encouraged his central bank colleagues to “be forward-looking and make policy on a forward-looking basis.”<\/p>\n![\"Stephen](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/11\/stephen-miran-nyse-interview.jpg\")
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