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

ChainCatcher message, according to Jinshi reports, Federal Reserve Board Member Milan stated that he expects a 150 basis point rate cut this year to boost the labor market. Milan pointed out that the core inflation rate may remain around 2.3%, which means there is still room for the Federal Reserve officials to cut rates further. He mentioned that approximately 1 million Americans are currently unemployed, but if they are employed, it would not cause unnecessary inflation.