Federal Reserve Governor Milan stated that there are still many reasons to support a rate cut despite strong January employment data.

Federal Reserve Governor Milan stated that the unexpectedly strong January employment data does not mean policymakers should pause further interest rate cuts. Milan said that reducing supply-side reforms such as business regulations, as well as expectations of housing inflation slowing down, will clear obstacles for policymakers to continue lowering the benchmark interest rate. Since joining the Federal Reserve Board in September, Milan has consistently held opposing views at each policy meeting, advocating for larger interest rate cuts than other Federal Reserve officials are prepared to support.