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2025-09-20 07:34:47
New Federal Reserve Governor Stephen Miran Clarifies Communication with Trump, Emphasizes Independent Decision on Rate Cut] New Federal Reserve Governor Stephen Miran publicly clarified his communication with US President Trump on Friday, emphasizing that his vote at this week's monetary policy meeting was independent and free of political interference. Miran dissented from the Fed's previously announced 25 basis point rate cut, arguing for a 50 basis point reduction. After the meeting, Miran explained that his decision was based on his independent assessment of the economic situation. In response to public concerns, Miran stated that he had only a brief conversation with President Trump before the rate decision. "He called me Tuesday morning to offer congratulations, nothing more," Miran revealed. Miran emphasized that "there was no discussion of my vote, nor was there any mention of my position on the 'dot plot' in the Fed's Summary of Economic Projections." (Xinhua Finance)
