ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Milan reiterated that the Fed's policy stance is too tight for the economy. He noted that the inflation outlook is good, and as rent increases subside, housing inflation will ease. Milan believes that a cooling labor market will make it unlikely for service sector inflation to face upward pressure, and he emphasized the lagging effects of monetary policy, advocating for a quicker easing of policy to approach a neutral stance.