ME News message, December 20 (UTC+8), Federal Reserve Governor Stephen Milan reiterated on Friday that due to easing inflation and the need for monetary policy to offset employment market risks, the Federal Reserve should lower interest rates. Milan stated that the employment market is slowing down, "If we continue down this path and fail to adequately adjust policies to curb it, we will find ourselves in trouble by 2027." Milan is one of the most steadfast advocates for interest rate cuts within the Federal Reserve. At last week's Federal Reserve meeting, he cast a dissenting vote, advocating for a 50 basis point cut, while most of his colleagues favored a smaller 25 basis point reduction. His term at the Federal Reserve will end on January 31. (Source: ME)