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Futures
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New
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Simple Earn
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VIP Wealth Hub
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BTC Staking
HOT
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GUSD Minting
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The Federal Reserve Board of Governors member Milan stated that the current policy is too tight and again called for interest rate cuts.
[The Federal Reserve Board of Governors member Milan stated that current policy is too tight, calling for a drop in interest rates again] The Federal Reserve Board of Governors member Milan reiterated on Wednesday that he expects inflation to decline and called for a drop in interest rates again. Milan said, “I think we need to adjust the monetary policy to get it out of the overly tight state, thereby eliminating some economic downside risks.” Milan expects to return to the White House economic advisory position after his term on the Federal Reserve Board of Governors ends in January next year. He voted against in both of the Federal Reserve's recent interest rate decision meetings, advocating for a drop of 50 basis points instead of the 25 basis points drop ultimately implemented by the Fed. Milan also warned against interpreting inflation data “on the surface.”