The Federal Reserve is cutting interest rates again, which is good news for farmers and other business borrowers, but it remains unclear how fast and how far the Fed will move from here. The dissenter pushing for a half-point interest rate cut was Stephen Miran, who is on leave from serving as chair of President Donald Trump’s Council of Economic Advisors. If they perceive the Fed making decisions for political reasons, they would push long-term interest rates higher. How far the Fed will lower interest rates is as uncertain as how fast. Trump wants rates several percentage points lower, which would take inflation-adjusted interest rates into negative territory.