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Fed Official Milan Hopes to Cut Rates by 150 Basis Points This Year to Boost Labor Market
Summary: According to sources, Federal Reserve Board member Milan expressed his hope to cut rates by 150 basis points this year to boost the labor market. Milan pointed out that the core inflation rate may remain around 2.3%, indicating that there is still room for further rate cuts by the Fed officials. He mentioned that about ...
According to sources, Federal Reserve Board member Milan expressed his hope to cut rates by 150 basis points this year to boost the labor market. Milan pointed out that the core inflation rate may remain around 2.3%, indicating that there is still room for further rate cuts by the Fed officials. He mentioned that about 1 million Americans are currently unemployed, but if they were to find jobs, it would not lead to unnecessary inflation.
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Link: Fed Official Milan Hopes to Cut Rates by 150 Basis Points This Year to Boost Labor Market [Copy]
