News list for "Milan is important"

Stephen Millan, the Fed governor, on Friday reiterated that the central bank should cut interest rates as inflation has cooled and monetary policy needs to offset labour market risks. Mr. Millan said the labour market was slowing and that "if we continue in this direction and we fail to adjust policy sufficiently to contain it, we will be in trouble by 2027". Mr. Millan is one of the strongest proponents of a rate cut at the Fed. At last week's meeting, he voted against a 50 basis point cut, whi...

2025-12-19 22:37:47