During a recent Federal Reserve vote concerning a significant interest rate reduction, Stephen Miran cast the sole dissenting vote. Contrary to analyst expectations, two other presidential appointees, Christopher Waller and Michelle Bowman, aligned with the majority decision.
Analysts had anticipated that Waller and Bowman, who had previously dissented in July against the Fed’s decision to maintain steady rates, would join Miran in opposition. Their decision to vote with the majority effectively isolated Miran in the policy decision.
Source: economictimes.indiatimes.com