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Fed governor says current economy is 'calling for large interest rate cuts' to help job market

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Federal Reserve governor Stephen Miran said the U.S. economy is "calling for large interest rate cuts" and warned that current monetary policy is "holding the economy back" by keeping borrowing costs too high and pushing the unemployment rate upward."I think the economy calls for large interest rate cuts to get monetary policy to neutral as quickly as we can. Monetary policy is exerting restriction on the economy. It's holding the economy back. It's pushing the unemployment rate gradually upward," Miran said on "Mornings with Maria" Tuesday."And I don't think that's appropriate given the econo...