BlockBeats News, December 15th. Federal Reserve Governor Milan once again stated that the Fed's policy stance is too tight for the economy. He pointed out that the inflation outlook is favorable, while some warning signs have emerged in the labor market.Milan stated that he expects housing inflation to ease as rent increases retreat from their peak during the COVID-19 pandemic to normal levels. He believes that due to the cooling of the labor market, there is unlikely to be upward pressure on service sector inflation. Some drivers of service sector inflation, such as portfolio management fees, reflect statistical anomalies rather than actual price changes perceived by consumers.Regarding the labor market, Milan stated: "Experience shows that labor market deterioration can happen quickly, is nonlinear, and is difficult to reverse." "Part of the reason is that monetary policy has a lag of several quarters, so, as I advocate, faster policy relaxation would appropriately bring us closer to a neutral stance." (FXStreet)