The Federal Reserve Board of Governors Waller advocates for gradual interest rate cuts (

BlockBeats news, on October 16, The Federal Reserve Board of Governors member Waller stated that officials could gradually loosen monetary policy by reducing rates by 25 basis points each time to support the weak labor market; meanwhile, Milan continued to advocate for larger rate cuts. Waller said on Thursday: “You don't want to make a mistake, and the way to avoid mistakes is to be cautious—first cut by 25 basis points, observe the results, and then decide what to do next.” Milan reiterated that a larger cut of 50 basis points should be taken, as trade tensions have increased the downside risks to the economy, thus necessitating more rapid monetary policy easing. “I think we are likely to see three rate cuts of 25 basis points each this year,” Milan said. (Jin10)