October 10, 2025
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0:53Now PlayingIt’s good to have open debate on the Fed board again, and President Trump’s pick for Fed Governor Stephen Miran has delivered that. Look at San Francisco Fed President Mary Daly and Stephen Miran different politically, very different backgrounds. But they both agree interest rates are way too high, and we have to keep lowering them if we’re going to keep this economy going strong. Here's the truth: the last time the Federal Reserve raised interest rates to the same level they’re at right now, headline inflation was 6%. Since President Trump took office, headline CPI inflation has annualized just 1.9%. Rates are too high.
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