Federal Reserve's new governor Milan: Rate cut stance is independent and not influenced by Trump
ChainCatcher news, according to Golden Ten Data, the new Federal Reserve Governor Stephen Milan made a public clarification on Friday regarding his communication with US President Trump, emphasizing that his voting decision at this week's monetary policy meeting was made independently and was not subject to any political interference. Milan cast a dissenting vote in this interest rate decision, advocating for a larger rate cut of 50 basis points, and stated that he had only a brief conversation with Trump prior to making the decision.
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