Federal Reserve Governor Milan says current policy is too tight, renewing calls for interest rate cuts
2025-11-12 22:04:02
Mr. Milan, the Fed governor, said again on Wednesday that he expected inflation to fall and reiterated his call for lower interest rates. "I think we have to get monetary policy in place - get it out of a state of being too tight and remove some of the downside risks to the economy," Mr. Milan said. Mr. Milan is expected to return to the White House as economic adviser when his term as Fed governor ends in January. He voted against the Fed's last two interest rate-setting meetings, arguing for a 50 basis point cut rather than the 25 basis points the Fed eventually imposed. Mr. Milan also warned against reading inflation data "at face value".
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