Federal Reserve Governor Stephen Miran told CNBC on Friday that he spoke only briefly to President Donald Trump before this week's interest-rate decision, and was not pressured on how to vote.
Miran, who voted against the quarter-percentage-point reduction in favor of a move twice that size, said he made his decision independently.
"He called me Tuesday morning to congratulate me, and that was it," the central banker said during a "Money Movers" interview. "I did not talk to him about how I vote. I did not talk to him about about my dots in the [Summary] of Economic Projections."
Not only did Miran vote against the quarter-point move, but also, his "dot" for where he sees the fed funds rate at the end of this year was well below the rest of the 19 participants at the Federal Open Market