Trump's nominee for the Federal Reserve Board of Governors has once again called for significant interest rate cuts. According to Golden Finance reports from CCTV News, Federal Reserve Governor Stephen Milan has reiterated the need for a more aggressive rate-cutting path, while emphasizing that his differences with other decision-makers "are not as significant as the outside world imagines." In an interview, Milan stated that if policies deviate from the track, adjustments should be made "at a relatively rapid pace." He believes that the current policies are actually more restrictive for growth, thus a more accommodative monetary environment is needed.
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Trump's nominee for the Federal Reserve Board of Governors has once again called for significant interest rate cuts. According to Golden Finance reports from CCTV News, Federal Reserve Governor Stephen Milan has reiterated the need for a more aggressive rate-cutting path, while emphasizing that his differences with other decision-makers "are not as significant as the outside world imagines." In an interview, Milan stated that if policies deviate from the track, adjustments should be made "at a relatively rapid pace." He believes that the current policies are actually more restrictive for growth, thus a more accommodative monetary environment is needed.