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Open original source ↗Or, history will not be kind to the decades of groupthink at the Fed that have led them to countless policy errors, many of which Rosengren endorsed. Miran was a catalyst for changing this approach, and the institution is better for it.
And, if you want to criticize a fellow Fed member, spell his name correctly.
(FYI - Miran dissented for a cut at all six meetings he voted in. The Fed cut in three of them. Will history not be kind to the FOMC for those cuts, too?)
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With Kevin Warsh approved as Fed Governor, Governor Steve Miron is no longer on the Fed Board. He dissented for easing every meeting while core pce and total pce inflation were rising and the unemployment rate was low. History will not be kind to his dissents.
EricSRosengren ↗