Milan: I don't think it's necessary to cut interest rates by more than 50 basis points.

[Milan: I don't think it's necessary to cut rates by more than 50 basis points] Fed Governor Milan stated that the divergence in policy views with colleagues is more about the pace of rate cuts rather than the final rate cut target; holds a more optimistic view on inflation, mainly due to expectations regarding housing costs; believes it is unnecessary to cut rates by more than 50 basis points.

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