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At the Federal Open Market Committee meeting on September 17, 2025, Fed Governor Stephen Miran dissented from the majority decision. How many basis points did he want to cut the federal funds rate by?
Explanation
On September 17, 2025, the FOMC approved a 25-basis-point cut, lowering the federal funds target range to 4.00%–4.25%. Governor Stephen I. Miran cast the lone dissent, arguing for a 50-basis-point red...
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