BlockBeats News, September 23rd, Federal Reserve Governor Milan stated that monetary policy has entered a deep tightening phase, aiming to bring the inflation rate back to 2%.
He believes that the appropriate federal funds rate is in the mid-2% range, nearly two percentage points lower than the current level. The current Federal Reserve policy is “very tight,” posing a risk to the Fed’s employment mandate. The Taylor Rule helps determine where the federal funds rate should be, but I do not “blindly adhere” to these rules.
