Milan: The Federal Reserve should cut interest rates to address risks in the job market

ChainCatcher News, according to Golden Ten Data, Federal Reserve Governor Stephen Milan reiterated on Friday that as inflation has cooled and monetary policy needs to offset risks in the labor market, the Fed should cut interest rates. Milan stated that the labor market is slowing down, and if this trend continues without sufficient policy adjustment, there will be trouble by 2027. He is one of the most steadfast supporters of rate cuts within the Fed. At last week's Fed meeting, he cast a dissenting vote, advocating for a 50 basis point rate cut.