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Trump's nominee to the Federal Reserve Board of Governors once again calls for significant interest rate cuts.
[Trump's nominated member of the Federal Reserve Board of Governors calls for significant interest rate cuts again] According to CCTV News, Federal Reserve Board member Stephen Milan once again urged for a more aggressive interest rate cut path, while emphasizing that his disagreements with other decision-makers "are not as significant as the outside world imagines." In an interview, Milan stated that if the policy deviates from the track, adjustments should be made "at a relatively rapid pace." He believes that the current policy is actually more restrictive on growth, and therefore a more accommodative monetary environment is needed.