Federal Reserve Governor Milan: Current economic situation calls for a significant interest rate cut

Odaily Planet Daily reports that Federal Reserve Governor Milan stated he hopes the employment data will convince others at the Fed to support interest rate cuts, arguing that the rising unemployment rate is due to overly tight monetary policy. He doesn't believe there's an inflation problem, although he is concerned about rising living costs, but the Fed's policy needs to look forward. He also believes the Fed should reach a neutral interest rate soon. However, analysts point out that given Milan's appointment was specifically due to Trump's (interest rate cut) considerations, his continued calls for significant rate cuts are not surprising. The market has naturally ignored his comments, so his words have had virtually no real impact. (Jinshi)