Stephen Miran, a member of the Federal Reserve Board, stated that he believes the Fed should continue to cut interest rates at its last meeting of the year because it would still be a reasonable action. According to the report by CaiLian Press on Nov

On Wednesday (November 5th), Milan mentioned in an interview that earlier policy predictions showed three interest rate cuts by 2025, naturally raising the question of whether there has been any change in the situation.

Last Wednesday, the Federal Reserve announced a decrease of 25 basis points in the target range of the federal funds rate to between 3.75% and 4.00%. This is the second time the central bank has cut interest rates after reducing them by 25 basis poin

The decision announced at that time showed that Milan advocated a 50-basis-point interest rate cut at the meeting, while Jeffrey Schmid, the president of the Federal Reserve Bank of Kansas City, believed that the interest rate should be maintained.

At the post-decision press conference, Federal Reserve Chairman Powell warned that the bank could not guarantee further interest rate cuts, citing the interruption of economic reports due to the federal government shutdown and mentioning significant

Regarding this, Milan admitted in the latest interview that the Federal Reserve indeed lacks official economic data due to the government shutdown. However, he emphasized that current US inflation is lower than expected and the job market remains sta

Milan expressed that his goal is to return monetary policy to a neutral stance as soon as possible, which means to strike a balance between stimulating the economy and preventing growth from being restrained. "I just want to arrive at that destinatio

Since last week, more and more officials have expressed concerns about inflation risks and expressed reservations about whether interest rates should be cut again in December. Chicago Fed President Goolsbee, Governor Cook and San Francisco Fed Presid

In this context, Milan seems somewhat different. He explained, Anything can happen between now and December - new information, surprises or shocks, things we haven't anticipated could all emerge.

But if there is no new significant information that can completely change the prediction, I think it is still a consistent and reasonable action to continue along the current path...

Milan also commented on the data released earlier in the day by ADP Research. The data showed that the number of private sector jobs in the US increased by 42,000 in October, which was slightly higher than market expectations.

Milan said, The overall employment growth potential remains moderate. Wage growth continues to slow down, and there are signs that labor demand may not be as strong as we expect from a cyclical perspective. All these indicate that interest rates shou