(Dec 22): Federal Reserve governor Stephen Miran said the US central bank risks sparking a recession unless it continues lowering interest rates next year. “If we don’t adjust policy down, then I think that we do run risks,” Miran said during an interview with Bloomberg TV on Monday. Miran added he doesn’t foresee an economic downturn in the near term, though rising unemployment should push Fed officials to continue cutting rates. Miran, whose term at the Fed ends in January, has argued for larger cuts since he joined the Board of Governors in September. “You sort of get into territory where you can start micromanaging instead of big cuts,” the Fed governor said.

Source: The Edge Markets December 22, 2025 15:30 UTC