The Federal Reserve's Milan supports a 50 basis point rate cut this month, warning that trade risks affect the economy

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Mulan stated that he supports a 50 basis point rate cut this month and reiterated that trade tensions bring uncertainty to the economy, increasing the downside risks to growth. Mulan hopes to support a 50 basis point rate cut at the policy meeting held from October 28 to 29, although the committee is more likely to choose a 25 basis point cut. He expects that there will likely be three rate cuts of 25 basis points each this year.