Federal Reserve Governor Milan: The Fed could gradually cut interest rates by one percentage point over a year.

CoinFeed reported on March 30 that Federal Reserve Governor Milan stated that inflation expectations have not yet been affected by rising oil prices. There is no indication that his colleagues will adjust their stance based on oil prices. Inflation will adjust to the target level in one year. The Fed can gradually cut interest rates by one percentage point over a year. Central banks should not hinder job creation through artificial intelligence. The Fed's balance sheet is too large, and he hopes to reduce it.