Crypto & Forex October 3, 2025 0 Comments

Fed’s Miran Drops Bombshell: More Rate Cuts Ahead — Are You Ready to Capitalize?

Here’s a head-scratcher for you: What happens when a Federal Reserve governor doubles down on rate cuts but pins inflation hopes on immigration policies that aren’t exactly backed by hardcore data? Stephen Miran isn’t just toeing the conventional line—he’s pushing the idea that the Fed’s got ample wiggle room to nudge rates lower, steering toward what he calls a neutral zone. Meanwhile, he’s tossing in the curveball that Trump’s tough stance on immigration might just be the secret sauce to taming those skyrocketing shelter costs. Now, I don’t know about you, but mixing monetary policy with immigration politics feels like juggling flaming chainsaws without a net. And yet, here we are, waiting on solid data to validate these bold claims before the October FOMC meeting. The economy’s cruising on supply-side boosts, policy’s more restrictive than last year, and the zero lower bound? Far from the horizon. It’s a dance of numbers and narratives, and the Fed’s got some serious moves to pull off. Buckle up—it’s gonna be a wild ride. LEARN MORE

Federal Reserve (Fed) Board of Governors plant Stephen Miran doubled down on his belief that the Fed has a lot more room to cut its way to neutral interest rates. Miran also reiterated his opinion that Trump’s stark anti-immigration policies will entirely alleviate shelter price inflation, a policy approach that Miran has not backed up with any meaningful economic data thus far.

Key highlights

I hope we’ll have the needed data by the October FOMC meeting.
Policy has become much more restrictive this year.
I believe my neutral rate view is consistent with others on the Fed.
The economy is strong on policies boosting supply side of the economy.
The Fed has plenty of space to cut rates. Zero lower bound is a long ways off.
So much has changed since last year and monetary policy should reflect that.
There will always be relative price changes.
Trump’s inflation goals are separate from the Fed’s work.
I expect housing costs to ease on immigration shifts.