[Federal Reserve Governor Milan Calls Again for Rate Cuts and Warns Against Superficial Interpretation of Inflation Data] Federal Reserve Governor Milan stated that the current monetary policy is overly restrictive and once again called for lowering interest rates to reduce economic downside risks. He expects inflation to decline and advocated for a 50 basis point rate cut during the Federal Reserve's last two interest rate decision meetings, opposing the final implementation of a 25 basis point rate cut. Milan anticipates his term as Federal Reserve Governor will end in January next year, after which he will return to his position as an economic advisor at the White House. He also warned against interpreting inflation data "superficially."
--
Loading...