Federal Reserve Milan: Hoping the Federal Reserve will have the necessary data before the next FOMC meeting

BlockBeats News, October 3rd, the Federal Reserve's Milan stated that data access is crucial for policy making and hopes the Fed will have the necessary data before the next FOMC meeting.

Milan believes that the neutral interest rate has dropped to the lower end of the Fed's range. Fed policy should be forward-looking, as using lagging data can be misleading.