Federal Reserve Daley: Three interest rate cuts in 2024 are a reasonable baseline forecast

Federal Reserve Daley stated that there is no urgency to adjust interest rates; The decision made by FOMC in March is a very good one; Consider how long the interest rate will remain at its current level; Keeping the policy unchanged at present is the right decision; The three interest rate cuts in 2024 are a reasonable baseline forecast; If inflation becomes more stubborn, one may want to reduce interest rate cuts; Both the economy and monetary policy are in a good state; The economy remains very stable, and the process of inflation falling is uneven.