The newest member of the Federal Reserve Board of Governors — close ally of President Donald Trump, Stephen Miran — made his case for more (and larger) interest rate cuts in a speech yesterday at the Economic Club of New York. He argued that the president's policies will push prices down, so the Fed doesn’t have to worry that lowering interest rates will spark inflation. Plus, entrepreneurship could suffer following the Trump administration's new $100,000 fee for H-1B visas.