Federal Reserve Governor Milan: Still expects four rate cuts in 2026

PANews reported on March 23 that, according to Jinshi Data, Federal Reserve Governor Milan stated: "We should not base our policy decisions on short-term news headlines; it is too early to judge the current situation. Traditional central bank views hold that the oil shock will not affect core inflation. The labor market still needs monetary policy support. The situation is still not clear enough to determine whether monetary policy should respond to the current situation. It is too early to conclude that oil prices affect other prices. Rising energy prices have dampened demand, offsetting some of the inflationary impact. A Fed response to the oil shock now would be highly unusual. Rising oil prices could lead to higher inflation, but this has not yet occurred. The pre-war policy outlook remains unchanged. The current policy outlook still points to interest rate cuts. Four interest rate cuts are still expected in 2026."