Federal Reserve Governor Milan: Data supports rate cuts; the Fed should be more dovish.

Federal Reserve Governor Milan said recent economic data supports the case for a Fed rate cut. "Since the Fed's September policy meeting, I think all the data we've received points to a dovish stance," Milan said. "Inflation data has been better than we expected," he said, adding that labor market data has weakened. On the issue of another rate cut, "all of this should make us more dovish, not the other way around."