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2025-11-03 20:23:48
Federal Reserve Governor Milan stated that the Fed may reach the neutral rate through a series of 50-basis-point rate cuts, but does not need a 75-basis-point cut; the economy is not dysfunctional, and he will not commit to voting against the rate again in December, as the situation may change. If the prediction comes true, he will advocate for another 50-basis-point rate cut. Over-reliance on data can make policy too lagging; policy should be formulated based on forecasts.
