New Delhi, Dec. 22 -- Federal Reserve Governor Stephen Miran, on Monday, 22 December, cautioned that not cutting interest rates may heighten the risk of a recession in the US economy.

"If we don't adjust policy down, we do face a rising risk of a recession," Miran said in an interview on Bloomberg Television.

He also addressed the short-term risks of recession and said, "I don't see a recession in the near term. The unemployment rate has poked up potentially above where people thought it was going to go. And so we've had data that should push people into a dovish direction."

Appointed by US President Donald Trump, Miran has advocated for larger cuts since joining the Board of Governors in September.

Miran mentioned that after policyma...