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Federal Reserve Board Members Milan and Schmidt Oppose Current Resolution
Summary: According to Jinshi's report, the Federal Reserve FOMC statement: Federal Reserve Board Member Milan opposed the current interest rate resolution, believing that a 50 basis point rate cut should be implemented. Federal Reserve's Schmidt opposed the rate cut and supported keeping rates unchanged. Inflation has risen somewhat this year and remains elevated. Current data shows ...
According to Jinshi's report, the Federal Reserve FOMC statement: Federal Reserve Board Member Milan opposed the current interest rate resolution, believing that a 50 basis point rate cut should be implemented. Federal Reserve's Schmidt opposed the rate cut and supported keeping rates unchanged.
Inflation has risen somewhat this year and remains elevated. Current data shows the economy is expanding at a moderate pace. After the balance sheet reduction ends on December 1st, the principal of mortgage-backed securities will be reinvested in short-term government bonds.
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Link: Federal Reserve Board Members Milan and Schmidt Oppose Current Resolution [Copy]
