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Story summary
- Federal Reserve Board Governor Stephen Milan emphasized that forecasts matter more than historical data.
- He noted that AI could exert deflationary pressure by lowering production costs.
- Milan expressed optimism about inflation prospects and the U.S. dollar's stability.
- He noted the need for regulatory adjustments in balance sheet management and praised Kevin Warsh, Trump's nominee for Fed Chair, for his expertise in monetary policy and balance sheet management.
