COINOTAG reports that newly appointed Federal Reserve board member Milan confirmed he voted against the central bank’s recent 25 basis point rate cut, urging an expanded reduction to 50 basis points at this week’s monetary policy meeting.
Milan stated his voting choice was founded on an independent assessment of prevailing macroeconomic indicators and the appropriate interest rate stance, emphasizing professional judgment and adherence to the Fed’s policy framework rather than outside direction.
Addressing external contact, he said President Trump placed a single congratulatory call prior to the announcement and that the conversation did not involve guidance on his vote or the Fed’s dot plot in the economic projections.