Fed's new director Milan clarifies communication with Trump and emphasizes the position of making independent decisions on interest rate cuts

According to BlockBeats, on September 20, the new Federal Reserve Director Milan made public clarification on Friday regarding his communication with US President Trump, emphasizing that his voting decision at this week's monetary policy meeting was made independently and had not been subject to any political interference. Earlier, the Federal Reserve announced a 25 basis point rate cut, but Milan voted against the interest rate decision, advocating that the rate cut should be expanded to 50 basis points. He explained after the meeting that the decision was based on his independent judgment on the economic situation. In response to external concerns, Milan said that before the announcement of this interest rate resolution, he had only had a brief exchange with President Trump. "He (Trump) called me on Tuesday morning just to express congratulations, that's all." Milan stressed that the two sides "have never discussed how I should vote, nor have I mentioned my dot chart position in the summary of the Fed's economic forecast." (Jin Shi)