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Federal Reserve Board of Governors member Milan: A 50 basis point rate cut in December is appropriate, with at least a 25 basis point cut.

On November 11, Federal Reserve Board of Governors member Milan stated that the data since September indicates that the likelihood of the government shutdown ending has not significantly changed the outlook. The Fed's stance should be more dovish than it was in September. A 50 basis point rate cut in December is appropriate, with at least a 25 basis point cut. ( Jin10 )

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