Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Federal Reserve Watch for Sept. 19: Miran Sees Need to Cut Rates Rapidly to Preserve Job Market

BY MT Newswires | ECONOMIC | 09/19/25 02:45 PM EDT

02:45 PM EDT, 09/19/2025 (MT Newswires) -- Fed Governor Stephen Miran (voter) said in an interview with CNBC that he does not see a large impact on inflation from the Trump Administration's tariffs and emphasized the slowing of the job market as a reason to cut interest rates rapidly.

Miran said that in a speech on Sept. 22, he will explain his reasons for his dissent at the September FOMC meeting for a 50-basis point rate cut.

Recent comments of note:

(Sept. 17) Fed Governor Powell (voter) said economic growth has moderated and demand for labor has declined, while goods inflation has picked up, though less than expected a few months ago.

(Sept. 17) The Federal Open Market Committee lowered the federal funds rate by 25 basis points at its meeting to a range of 4.00% to 4.25%. The updated Summary of Economic Projections now sees two more rate reductions in 2025, compared with only one more in the last SEP. There is one cut seen in 2026 and another in 2027. Risks to employment have risen, the statement said, though changes in the SEP suggest slightly lower unemployment readings over the next two years along with higher inflation and GDP growth expectations.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article