Milan: The Federal Reserve's policy stance is too tight, and the inflation outlook is good

According to Jin Ten, Federal Reserve Governor Mian reiterated that the Fed's policy stance is too tight for the economy. He pointed out that the inflation outlook is good and expects housing inflation to ease as rent increases slow down. Mian believes that a cooling labor market will make it less likely for service sector inflation to face upward pressure, and he emphasized the lagging effects of monetary policy, advocating for a quicker easing of policy to approach a neutral stance.