[Federal Reserve Governors Milan and Schmidt Disagree on Interest Rate Decision]
On October 30, the Federal Reserve FOMC statement revealed that Federal Reserve Governor Milan opposed the current interest rate decision, advocating for a 50 basis point rate cut; whereas Federal Reserve Governor Schmidt opposed the rate cut and supported maintaining the current interest rate. Inflation has risen this year and remains at a high level, while economic data indicates moderate expansion. The Federal Reserve plans to conclude its balance sheet reduction on December 1 and reinvest the principal from maturing mortgage-backed securities into short-term Treasury bonds.