President Donald Trump's Right-Hand Man at the Federal Reserve Is Reconsidering His Interest-Rate Outlook. Are Rate Cuts Off the Table in 2026?

Trump appointee Stephen Miran said the Federal Reserve should cut its benchmark lending rate multiple times this year. The article is a brief policy commentary with no new data, decision, or timing from the Fed. Market impact is limited unless the view gains traction with policymakers or shifts rate-cut expectations.

Analysis

Trump appointee Stephen Miran said the Federal Reserve should cut its benchmark lending rate multiple times this year. The article is a brief policy commentary with no new data, decision, or timing from the Fed. Market impact is limited unless the view gains traction with policymakers or shifts rate-cut expectations.