Miran's "big face change": Last year criticized interest rate cuts as the "biggest mistake," now claims Trump's policies have brought "deflation."
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Stephen Miran once criticized the Federal Reserve's interest rate cuts as the "biggest mistake," but now he claims that Trump's policies have led to "deflation," raising concerns about his shift in stance. Miran believes that Trump's supply-side reforms will suppress inflation, changing his view on Federal Reserve policy and suggesting that the conditions for interest rate cuts are now ripe. This shift is interpreted as Trump attempting to influence Federal Reserve policy and challenge its independence
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