Fed’s Milan Calls for Rate Cuts, Argues Policy Too Restrictive

Federal Reserve Governor Milan believes the Fed’s current approach may be overly stringent, potentially hindering economic stability. In a statement cited by ChainCatcher and Odaily, Milan highlighted that the elimination of tariffs could significantly impact U.S. monetary policy. He expressed concern about the restrictive nature of current policy and its potential to stifle economic growth. Milan advocated for further interest rate reductions as a means to strike a balance between risk management and promoting sustained economic growth amidst weakening fiscal conditions and declining global demand.