Trump's nominee to the Federal Reserve board has again called for a sharp interest rate cut
2025-10-03 17:45:37
Stephen Milan, the Federal Reserve governor, reiterated his call for a more aggressive path of interest rate cuts, but stressed that his differences with other policymakers were "not as big as the outside world thinks", according to CCTV news. Mr. Milan said in an interview that if policy went off track, it should be "adjusted at a relatively rapid pace". He argued that current policy is actually more restrictive to growth, so looser monetary conditions are needed.
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