The newly appointed board member of the Federal Reserve, Milan, clarified the communication with Trump, emphasizing that the decision to cut interest rates was made independently.

The new Federal Reserve board member, Stephen Moore, clarified on Friday his communication with President Trump, emphasizing that his voting decision at this week's monetary policy meeting was made independently without any political interference. Prior to this, the Federal Reserve announced a 25 basis point rate cut, but Moore voted against it and advocated for a 50 basis point cut. He explained after the meeting that this decision was based on his independent assessment of the economic situation. Addressing concerns from the public, Moore stated that he only had a brief conversation with President Trump before the rate decision was announced. He revealed, "He called me on Tuesday morning just to offer congratulations, that's it." Moore stressed that they "never discussed how I should vote, nor did they mention my position in the 'dot plot' of the Federal Reserve economic forecast summary."