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The new Federal Reserve governor Milan clarified the communication with Trump, emphasizing that the interest rate cut stance is made independently
Stephen Milan, the new governor of the Federal Reserve, issued a public clarification on his communication with US President Donald Trump on Friday, stressing that his vote at this week's monetary policy meeting was made independently and without any political interference. Earlier, the Federal Reserve announced a 25 basis point rate cut, but Milan voted against the rate decision, arguing that the rate cut should be extended to 50 basis points.
2025-09-19 16:47:00
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