Federal Reserve's Daly: If inflation is more persistent, there may be fewer than two rate cuts this year

ChainCatcher news, according to Jinshi reports, Fed's Daly expressed satisfaction with the expectation of two rate cuts this year, but if inflation proves to be more persistent, the number of rate cuts this year may be less than two.

If economic growth slows down, further rate cuts will be necessary. Gradually lowering the policy interest rate without urgency is the right approach. The only commitment of the Federal Reserve is to restore price stability. Currently, the U.S. has a stable labor market, but price stability still needs to be achieved.