Miran said Friday that he wants to see rates lowered by another 1.25 percentage points at the Fed’s two remaining meetings this year. Neutral rate debateCopy link to sectionMiran estimates the neutral rate at about 2.5%, below the Fed’s median projection of 3%. Diverging views among Fed officialsCopy link to sectionSt. Louis Fed President Alberto Musalem said Monday he backed last week’s rate cut but sees only limited scope for further easing. “Should further signs of labor market weakness emerge, I would support additional reductions in the policy rate, provided the risk of above-target inflation persistence has not increased,” Musalem said. Atlanta Fed President Raphael Bostic told the Wall Street Journal he is reluctant to support another rate cut when policymakers meet in late October.