Milan: Expects a 150 basis point rate cut this year to boost the labor market

ChainCatcher News, according to Golden Ten Data, Federal Reserve Governor Milan stated that he expects a rate cut of 150 basis points this year to boost the labor market. Milan pointed out that the core inflation rate may remain around 2.3%, which means Federal Reserve officials still have room for further rate cuts. He mentioned that about 1 million Americans are currently unemployed, but if they find jobs, it would not cause unnecessary inflation.