Fed Governor Milan Advocates for Easing Monetary Policy

According to ChainCatcher, Federal Reserve Governor Milan has reiterated concerns that the Fed's current policy stance is excessively tight for the economy. He highlighted a positive inflation outlook, anticipating that housing inflation will ease as rent increases slow down. Milan believes that a cooling labor market will reduce the likelihood of upward pressure on service sector inflation. He emphasized the lagging effects of monetary policy and advocated for a quicker shift towards a neutral stance.