Federal Reserve Governor Milan: Data supports rate cuts; the Fed should be more dovish.

Odaily Planet Daily reports that Federal Reserve Governor Milan stated that recent economic data supports the case for a Fed rate cut. "Since the Fed's September policy meeting, I think all the data we've received points to a dovish stance," Milan said. "Inflation data is better than we expected," he said, adding that the labor market data has weakened. Regarding another rate cut, "all of this should make us more dovish, not the other way around."