Federal Reserve Milan: Trade uncertainty intensifies, calling for a faster pace of interest rate cuts

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Mulan stated on Wednesday that the recent escalation of trade tensions has increased the uncertainty of economic growth prospects, making it more important for policymakers to cut interest rates as soon as possible. He pointed out that the current downside risks are greater than they were a week ago and believes it is responsible to reflect this in policy. Mulan hopes to lower the benchmark interest rate by another 1.25 percentage points by the end of this year and stated that two more rate cuts this year "seem realistic."