There were two Fed dissenters: Miran wanted a bigger cut and Schmid voted for no easing at all
CNBC·2025-10-30 02:25
There were two dissenters from the Federal Reserve's decision to lower the federal funds rate by a quarter percentage point on Wednesday, in two different directions.Federal Reserve Governor Stephen Miran instead called for a half-point cut, while Kansas City Fed President Jeffrey Schmid voted for no decrease.Heather Long, chief economist at Navy Federal Credit Union, called two dissents "unusual," particularly because one wanted a deeper cut and the other wanted no change."Powell will have to use all of hi ...