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    Bessent says Miran is likely to vote at the upcoming Fed meeting

    by VT Markets
    /
    Sep 1, 2025
    Bessent shared insights in his second interview with Semafor, suggesting that Miran is likely to be a voter in the upcoming September FOMC meeting. He also revealed plans to prepare a brief for the U.S. solicitor general to back Trump’s tariffs.

    Miran’s Decision On Interest Rates

    If Miran decides to keep interest rates steady in September, it would be surprising. There’s buzz about Miran being a new voter at the September FOMC meeting. He may vote to hold rates steady, which is important because the Fed Funds futures show a 70% chance of a 25 basis point rate hike following the August CPI report of 3.4%. A surprise decision to hold rates would surprise many in the market. This uncertainty makes buying volatility appealing in the coming weeks. The MOVE index, a measure of bond market volatility, has risen from its low of 95 this past summer. Investing in short-dated options on SOFR futures could be a smart way to protect against unexpected Fed decisions. The recent talks about tariffs add more complexity. Historically, like in 2018-2019, broad tariffs can increase inflation pressure, making it harder for the Fed to take an easy stance. This could create confusion if there’s a new dovish member, which might lead to fluctuations in currency pairs like USD/JPY.

    Official News On Fed Governor Confirmation

    Right now, we should pay attention to any updates about Fed governor confirmation hearings. The market is leaning toward one more rate hike this cycle, a belief supported by Fed Chair Powell’s hawkish comments at the Jackson Hole symposium last month in August 2025. If credible news arises that Miran will join as a voting member, we will need to reassess our rate strategies immediately. Create your live VT Markets account and start trading now.

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