Federal Reserve Governor Milan: Data Supports Rate Cuts, Fed Should Be More Dovish

Jinse Finance reported that Federal Reserve Governor Milan stated that recent economic data supports the case for the Fed to cut interest rates. Since the Fed's September policy meeting, "I believe all the data we have received points to a dovish stance," Milan said. "Inflation data has been better than we expected," he noted, adding that labor market data has already weakened. Regarding the issue of further rate cuts, "all of this should make us more dovish, not the opposite."