## Fed Governor Says Trump Didn’t Pressure Him on Rate Decision
This article discusses a recent interview with Federal Reserve Governor Stephen Miran, focusing on his interactions with President Trump and his independent stance on interest rate decisions. Here’s a breakdown:
- **Brief Call:** Miran stated that President Trump briefly called him to congratulate him before the interest rate decision.
- **No Pressure:** Miran confirmed that Trump did not pressure him on how to vote or discuss his economic projections.
- **Dissenting Vote:** Miran voted against the quarter-point rate cut, favoring a larger reduction. His “dot” (forecast) for the fed funds rate was also lower than most other committee members.
- **Independence Concerns:** The article highlights ongoing questions about the Fed’s independence, especially given Trump’s public pressure on the Fed to lower rates and his criticism of Chair Jerome Powell.
- **Miran’s Position:** Miran addressed concerns about potential conflicts of interest, stating he intends to leave the Fed at the end of his current term in January 2026.
- **Public Explanation:** Miran plans to elaborate on his differing views at the Economic Club of New York on Monday.
For more details, you can read the original article on [CNBC](insert link here when available).