Remarks contrast with Trump appointee's calls for swift reductions
Stephen Miran calls for a benchmark rate closer to 2.5%
This is the Fed’s first cut since December, lowering the short-term rate to about 4.1%
Economists expect a measured approach, but weak jobs data could push the Fed to act faster
Confirmation vote raises concerns over central bank's independence
Inflationary pressure, weak labour market complicate decision
Consumer prices rose 2.9% from a year earlier, up 2.7% from July
Core prices climb while consumer spending shows resilience
"No hire, no fire" economy sees employers hanging onto workers
Fed chair has signalled central bank will resist political pressure as it weighs slowdown, inflation