Federal Reserve Board member Milan: I think we are now likely about one point above the neutral interest rate.

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Federal Reserve Governor Milan: In my view, monetary policy remains moderately restrictive.

It is still too early to rule out the trend of labor market weakness.

Evidence indicates that the labor market continues to require the support of the Federal Reserve. No signs of concern have been found in the inflation market.

Tend to cut interest rates by 25 basis points at a time, until a neutral stance is reached.

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