Governor Milan emphasized his independent judgment in supporting a deeper rate cut, clarifying no political influence from President Trump shaped his policy stance.
Federal Reserve Governor Milan clarified that his vote for a 50 basis point rate cut, compared to the committee’s 25 basis point reduction, was made independently and without political influence. He noted that a brief congratulatory phone call with President Trump occurred before the decision but did not involve economic discussions. Milan stressed his decision was based solely on his economic assessment.