Federal Reserve Governor Stephen Milan stated in an interview that he supports the central bank reducing interest rates by a total of 100 basis points over the coming year.
Milan said, "I believe we can gradually lower rates by about one percentage point, to be accomplished within a year."
Furthermore, he mentioned that the private credit market has not posed an economic risk "so far," but it is a risk he is monitoring, using the current terminology, meaning it is worth keeping under "surveillance."
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