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Fed Governor Milan Reiterates Case for Rate Cuts Amid Labor Market Risks

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Fed Governor Stephen Milan, who supports rate cuts, reiterated on Friday that the Fed should lower rates to address labor market risks, as inflation has cooled and monetary policy must counterbalance these risks. He warned that a failure to adjust could lead to difficulties by 2027. At last week’s meeting, he voted for a 50-basis-point cut, against the majority’s 25-basis-point move. Regulatory policy remains a key focus as officials assess broader economic stability, including efforts in Countering the Financing of Terrorism. His term ends on January 31.
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