PANews reported on December 22 that, according to Jinshi News, Federal Reserve Governor Milan stated, "I haven't decided whether to vote for a 25 basis point or 50 basis point rate cut. As rates are gradually lowered, the need for me to object to a 50 basis point cut will decrease over time." Furthermore, Milan stated, "You have to admit that Federal Reserve Chairman Powell secured three rate cuts from the Federal Open Market Committee."