Fed Director Milan clarifies communication with Trump and emphasizes independent decision-making

According to Kingshin data, the new Federal Reserve Director Stephen Milan publicly clarified his communication with US President Trump, emphasizing that his voting decision at the monetary policy meeting was made independently and had not been subject to political interference. The Fed announced a 25 basis point rate cut, but Milan voted against it, advocating that the rate cut should be expanded to 50 basis points. He explained that the decision was based on an independent judgment on the economic situation. Milan said he had only had a brief exchange with Trump before the interest rate resolution was announced, and Trump only expressed congratulations, and the two sides did not discuss their position in the voting or economic forecast summary.