September 16, 2025
1,588
15
7
1.39%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
7:49Now PlayingKitty Richards, senior fellow at the Groundwork Collaborative, breaks down how she's looking at recent economic data as the Fed meets to consider cutting interest rates.
Stephen Miran was sworn in Tuesday as a member of the Federal Reserve’s Board of Governors, the central bank said in a statement, clearing the way for his participation in a closely watched meeting of the Fed’s rate-setting panel this week.
Miran, who was nominated by President Donald Trump to fill a term that expires Jan. 31, was confirmed by the Senate largely along party lines late Monday. He has attracted criticism from Democrats for remaining in his role as chair of the White House Council of Economic Advisers. He is taking unpaid leave from that job.
Despite the unusual arrangement, Miran has said he would act independently at the central bank based on his own analysis of the economy and economic policy.
The gathering of the Federal Open Market Committee began at 10:30 a.m. Tuesday as scheduled. Officials are expected to cut interest rates at the meeting by a quarter percentage point. That would be the first rate reduction of 2025.
Miran is attending the meeting, according to a Fed spokesperson. Also in attendance is Fed Governor Lisa Cook, who is fighting President Donald Trump’s attempt to remove her from her post at the central bank. Late Monday, an appeals courts affirmed that Cook can continue working while her lawsuit challenging Trump’s move proceeds. A White House official has said it will take the firing fight to the US Supreme Court, but didn’t immediately provide details on timing for the next phase of the high-stakes case.
2025 FOMC district bank voters: Williams (New York), Goolsbee (Chicago), Collins (Boston), Musalem (St. Louis), Schmid (Kansas City)
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
Follow us on X
Subscribe to our Podcasts:
Bloomberg Daybreak
Bloomberg Surveillance
Bloomberg Intelligence
Balance of Power
Bloomberg Businessweek
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay
Android Auto
Visit our YouTube channels:
Bloomberg Podcasts
Bloomberg Television
Bloomberg Originals
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.