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2025-12-15 22:40:19
[Milan: Fed's Policy Stance Is Imposing Unnecessary Restrictive Effects on the Economy] Federal Reserve Governor Stephen Milan reiterated that, based on his optimistic assessment of inflation trends and emerging warning signs in the job market, the Fed's current policy stance is exerting unnecessary restraining effects on the economy. Milan stated that as rent increases gradually return to normal from the surge during the COVID-19 pandemic, housing inflation is expected to enter a steady downward trend. He believes that, due to the transmission effect of the cooling job market, core service inflation, excluding housing, food, and energy, will not face significant upward pressure. Milan stated that some drivers of service inflation (such as portfolio management fees) are essentially statistical biases, rather than changes in prices actually perceived by consumers.
