Odaily Planet Daily reported that Federal Reserve Governor Milan said he supports a 50 basis point interest rate cut this month, and reiterated that trade tensions have brought uncertainty to the economy and increased the downside risks to growth. Milan said in an interview on Thursday: "If monetary policy maintains its current tight level and the economy suffers a similar shock, this will significantly amplify the negative impact of the shock." He added that he hopes to support a 50 basis point interest rate cut at the policy meeting on October 28-29, although the committee is more likely to choose a 25 basis point interest rate cut as it did in September. "I think there is a high probability that we will have three interest rate cuts of 25 basis points each this year," he said. Federal Reserve Chairman Powell has previously hinted that the Fed is planning to cut interest rates by another 25 basis points this month in view of the possibility that slowing hiring will lead to higher unemployment. However, some policymakers still said that caution should be exercised because inflation is still above the 2% target. (Jin Shi P)