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Federal Reserve Board member Milan says that despite strong January employment data, there are still many reasons to support interest rate cuts
Federal Reserve Board Member Milan stated that the unexpectedly strong January employment data does not mean policymakers should pause further rate cuts. Milan said that planned supply-side reforms, such as reducing business regulation, and the slowdown in housing inflation expectations will clear the way for policymakers to continue lowering the benchmark interest rate. Since joining the Federal Reserve Board in September, Milan has opposed each policy meeting, advocating for a larger rate cut than other Fed officials are prepared to support. (Sina Finance)