Milan hints that the Federal Reserve may cut interest rates by 1.25 percentage points

ChainCatcher news, according to Jinshi reports, new Federal Reserve Governor Milan hinted that the federal funds rate needs to be lowered by another 1.25 percentage points in the next two meetings. His statement sends a signal to the market, suggesting how the Federal Reserve will operate after Powell is replaced by a chairman appointed by Trump next year. RSM Chief Economist Joe Brusuelas stated that considering the personnel changes at the Federal Reserve next year, it is advisable to be cautious about Wednesday's economic forecasts.