Federal Reserve Governor Stephen Miran said on Friday that the aggressive rate cuts he wants the central bank to pursue won’t limit the central bank's ability to respond to unexpected economic weakness.
“We're quite far from the zero lower bound,” so even if the Fed eased quite a bit from its current federal funds target rate range of between 4% and 4.25%, the central bank still has “plenty of space to the downside should a negative shock occur," Miran said in an interview on Fox Business.
