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Federal Reserve Governor Milan: Current Economic Situation Requires Significant Rate Cut
BlockBeats News, November 25th: Federal Reserve Governor Milan stated that he hopes the employment data can convince others at the Fed to support rate cuts, suggesting that the rise in the unemployment rate is due to monetary policy being too tight. He does not believe there is an issue with inflation, although he is concerned about the rising cost of living. He emphasized that the Fed's policy needs to look forward.
He also believes that the Fed should soon reach the neutral interest rate. However, some analysts pointed out that since Milan was appointed with Trump's (rate-cutting) considerations in mind, his continued calls for significant rate cuts are not surprising. The market naturally ignored his comments, so his remarks have had little real impact. (FXStreet)
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