Federal Reserve Milan: The US dollar needs to experience significant fluctuations in order to affect inflation.

Federal Reserve Board member Milan stated that the US dollar needs to experience a much larger decline than it currently has in order to become the primary factor influencing consumer inflation. "There needs to be a very significant fluctuation to truly become the primary issue affecting consumer inflation in the United States," Milan said on Monday. "Therefore, the impact of the dollar's movement on consumer inflation is not as significant." When discussing the weakening of the US dollar, Milan said that so far, he does not believe it will have a substantial impact on monetary policy. The US dollar index has fallen by 7.7% in the past 52 weeks.