Institution: Milan's nomination to the Federal Reserve Board is of little significance
2025-08-07 22:16:40
Ryan Sweet, chief US economist at Oxford Economics, said the nomination of Mr. Milan as an interim governor of the Federal Reserve did not in itself make much sense in terms of changing the path of monetary policy. The biggest uncertainty is whether he will be confirmed by the Senate in time to have a vote at the September meeting. If he catches up, the chances of a three-vote no will increase if the Fed chooses not to cut rates in September. However, I do think the chances of a September rate cut are rising, not because of the nomination but because of recent changes in labour market data.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
The probability of the Federal Reserve cutting interest rates in September is 92.7%.Next article：
BTC突破117500美元
