Fed Governor Milan Undecided on 25 or 50 Basis Point Rate Cuts

On December 22, Milan said he remains undecided between 25- and 50-basis-point rate cuts, noting his resistance to larger cuts may ease over time, according to BlockBeats. He added that if his Fed appointment is not confirmed by January 31, he will assume continued service. Milan also referenced Jerome Powell’s role in securing three rate cuts from the FOMC.