Federal Reserve Governor Waller Advocates Gradual Interest Rate Cuts

Jinse Finance reported that Federal Reserve Governor Waller stated that officials could gradually ease monetary policy by cutting rates by 25 basis points at a time to support a weakening labor market; meanwhile, Milan continued to advocate for larger rate cuts. Waller said on Thursday: "You don't want to make a mistake, and the way to avoid mistakes is to proceed cautiously—cut by 25 basis points first, observe the results, and then decide what to do next." On the same day, Milan reiterated that a larger 50 basis point rate cut should be adopted, as rising trade tensions have increased downside risks to the economy, thus requiring a more rapid monetary policy easing. "I think we are very likely to see three rate cuts of 25 basis points each this year," Milan said. (Golden Ten Data)