[Federal Reserve Governor Milan: Current Economic Conditions Call for Significant Rate Cuts] BlockBeats News, November 25, Federal Reserve Governor Milan stated that he hopes employment data will convince other members of the Fed to support rate cuts, as the rise in unemployment is due to overly tight monetary policy. He does not believe there is an inflation problem, although he is concerned about the rising cost of living. However, the Fed's policy needs to be forward-looking. He also believes that the Fed will soon reach a neutral interest rate. However, analysts have pointed out that since Milan was appointed due to Trump's (rate cut) considerations, his continued calls for significant rate cuts are not surprising. The market has understandably ignored his remarks, and thus his statements have essentially had no real impact. (Jin10)