Fed Governor Milan Undecided on 25bp vs 50bp Rate Cuts

Fed Governor Milan said on Dec. 22 he remains undecided between 25 and 50 basis point rate cuts and expects to object less to 50 basis point reductions over time, BlockBeats reports. He added that if his Fed seat remains unconfirmed by Jan. 31, he will assume he stays, and noted Powell secured three rate cuts from the FOMC.