New Federal Reserve governor Stephen Miran advocates for interest rate cuts of around 2 percentage points, believing the current level is too high and poses risks to the US economy. He predicts five more rate cuts this year while colleagues anticipate two. Miran emphasizes the impact of border policy changes on migration and inflation, expecting a decline in rents to lower inflation measures. St. Louis Fed president Musalem supports recent rate cuts as precautionary but warns against further cuts due to inflation risks. Musalem believes the current policy rate is appropriate and cautions against overly accommodative measures. He emphasizes the importance of monitoring labor market weakness and inflation risks for future rate adjustments.

Read more at Yahoo Finance: Miran argues Fed rates pose risks to employment, should be roughly 2 points lower