Odaily Planet Daily reports that Federal Reserve Governor Milan stated on Monday that the Fed should cut interest rates by 50 basis points in December, given the softening labor market and declining inflation. He believes a 25 basis point cut is the "minimum" appropriate measure. Milan noted, "We received new inflation data, which was better than expected, meaning a more dovish policy stance is reasonable compared to the September FOMC meeting, when most policymakers believed that three 25-basis-point cuts should be made by the end of the year." The Fed already cut rates by 25 basis points each in September and October. However, Milan emphasized that the unemployment rate is rising, "due to overly tight policy. Therefore, we must adjust policy and continue to gradually lower rates to prevent this tightening from putting further pressure on the economy and thus further pushing up the unemployment rate." (Jinshi)