Federal Reserve Governor Milan: Recent inflation data has shown significant upward biases due to the government shutdown. Recent data should point towards a dovish stance.

BlockBeats News, December 22nd, Federal Reserve Governor Milan stated that last week's inflation data showed some abnormality due to the government shutdown. The government shutdown somewhat distorted the housing inflation index, leading to a significant upward deviation in the year-end CPI. Recent data is expected to steer people towards a dovish direction. If we do not adjust our policies, we will face an increasingly high risk of recession. We believe that policy rates will ultimately be lowered. (FXStreet)