Fed's Miran on Neutral Rate, Tight Monetary Policy, Rapid Rate Cuts
Federal Reserve Governor Stephen Miran recounts his first experience in a Federal Open Market Committee meeting and explains the factors that have lowered the neutral rate as he calls for rapid interest-rate cuts. Miran says he would \\"rather act proactively\\" to lower rates, than \\"wait for some giant catastrophe to occur.\\" He spoke Thursday on \\"Bloomberg Surveillance.\\"