A Fed official just doubled down on his rate cut stance during a Monday interview. Stephan Miran isn't being shy about it either—he's pushing for a 50 basis point slash.

His exact words? "I would think that 50 is appropriate, as I have in the past, but at a minimum 25."

So even if the Fed doesn't go all-in with half a point, Miran's making it crystal clear he wants at least a quarter-point reduction on the table. Classic hawk-to-dove pivot we're seeing from some FOMC voices lately.

Rate cut expectations like this tend to shake up risk assets pretty fast. Worth watching how this plays into the next policy meeting.