Federal Reserve Governor Milan has called for interest rate cuts of more than 100 basis points this year, emphasizing the need for policy adjustments in response to current economic conditions.
Milan pointed out that core inflation rates are now in line with the Federal Reserve’s target, suggesting a potential easing of monetary policy.
He noted that the Fed’s existing restrictive measures are adversely affecting the economy’s performance, necessitating active consideration of rate cuts.
Milan confirmed that he has not discussed his ambitions for the position of Fed Chair with President Trump.
Leave a Reply