[Federal Reserve Governor Milan Suggests a 150 Basis Point Rate Cut This Year] Federal Reserve Governor Milan stated that a 150 basis point rate cut should be implemented this year to boost the labor market. He believes that the core inflation rate may remain around 2.3%, monetary policy is restrictive, and there is still room for rate cuts. Milan pointed out that approximately 1 million Americans are currently unemployed, but employment will not trigger unnecessary inflation. He is uncertain whether he will remain at the Federal Reserve after his term ends, and it is speculated that Trump may use Milan's seat to appoint the next chair. If Powell steps down after his term as chair ends in May, the Federal Reserve may face another vacant seat.