On February 10th, Federal Reserve Board member Milan stated that the Fed's balance sheet needs to shrink, but this should not prevent policymakers from undertaking large-scale asset purchases during an economic crisis. "Even if the balance sheet is reduced, the central bank still needs to retain the ability to implement quantitative easing during crises," he pointed out. The dollar needs to experience a "genuine significant fluctuation" before it will have a noticeable impact on inflation.

When discussing the independence of the Federal Reserve, Milan said that central bank independence would lead to better policies, but it is a means to an end, not an end in itself. "During crises, there is extensive cooperation between the Fed and the Treasury. Absolute, 100% pure independence does not exist, but it is crucial that we make decisions based on economic needs—tightening when the economy needs to tighten, loosening when it needs to loosen, rather than for other reasons."#Gate春节赛马红包嘉年华