Milan: One should not overemphasize the strength of the financial market to judge monetary policy.

According to Mars Finance, Jin10 reported that The Federal Reserve Board of Governors member, Smilan, stated that it is inappropriate to overly emphasize the strength of the stock market and the corporate credit market when evaluating monetary policy. He believes that the current monetary policy is still too tight and increases the risk of economic downturn. In an interview, Milan mentioned that financial markets are driven by multiple factors, not just monetary policy, which is also the reason he opposed a 25 basis point rate cut during the vote on the first quarter rate cut last week.