Federal Reserve Governor Mester: Current economic conditions require significant interest rate cuts

According to Jinshi News, Federal Reserve Governor Mylan stated that he hopes employment data will persuade others at the Fed to support interest rate cuts, as the rise in unemployment is due to overly tight monetary policy. He does not believe there is an inflation problem, although he is concerned about rising living costs, but the Fed's policy needs to look forward. Mylan believes that the Fed will soon reach a neutral interest rate. Analysts pointed out that Mylan was appointed due to Trump's considerations for rate cuts, and his call for cuts is not surprising, with the market reacting mildly to his remarks.