Milan: The strengthening of financial markets should not be overly emphasized to judge monetary policy.

According to ChainCatcher news, as reported by Jin10, The Federal Reserve Board of Governors member Mylan stated that it is inappropriate to place too much emphasis on the strength of the stock market and corporate credit markets when evaluating monetary policy. He believes that the current monetary policy is still too tight and increases the risk of economic downturn. Mylan mentioned in an interview that financial markets are driven by various factors, not just monetary policy, which is also the reason he opposed a 25 basis point rate cut during last week's vote on first quarter rate cuts.