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Fed's Miran cites trade uncertainty and tariffs for weaker economy, hinting at more rate cuts.
Federal Reserve Governor Stephen Miran, appointed by President Trump, acknowledged the economy is weaker than expected, citing trade policy uncertainty and tariffs from Trump’s second term as key factors.
He linked recent Chinese export restrictions to heightened economic risks and suggested two additional interest rate cuts could be appropriate.
Miran’s remarks, a rare public admission of economic challenges from a Trump-aligned official, underscore concerns about protectionist policies impacting growth.
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El Miran de la Fed cita la incertidumbre comercial y los aranceles para una economía más débil, insinuando más recortes de tasas.