Federal Reserve Governor: Economy Needs Significant Rate Cut, Monetary Policy is Dragging Down the Economy

BlockBeats News, November 25th, Federal Reserve Governor Milan stated that the economy needs a substantial interest rate cut. He hopes that the employment data will convince other Federal Reserve members to cut interest rates.

Monetary policy is dragging down the economy. It is difficult to quantify the impact of artificial intelligence on the economy. The Federal Reserve should promptly lower interest rates to a neutral level. (IG)