The Federal Reserve Board of Governors Milan and Schmidt oppose this resolution.

On October 30, the Fed FOMC statement: Fed Governor Milan opposed this interest rate decision, believing that interest rates should be cut by 50 basis points. Fed Schmid opposed the rate cut and supported maintaining the current interest rate. Inflation has risen this year and remains high. Current data shows that the economy is expanding at a moderate pace. After the balance sheet reduction ends on December 1, the principal of mortgage-backed securities will be reinvested in short-term government bonds. ( Jin10 )

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