Fed governor Milan: should not overemphasize the strengthening of financial marekt to judge monetary policy

The Fed governor said it was inappropriate to overemphasize the strength of the stock market and corporate credit markets when assessing monetary policy. He believes that the current monetary policy is still too tight and increases the risk of economic downturn. Milan mentioned in the interview that financial marekt is driven by a variety of factors, not just monetary policy, which is why he opposed a 25 basis point rate cut last week when he voted on a first-quarter interest rate cut.