Mr. Daly said the Fed was very pleased with its forecast of two rate cuts in 2025, while his own forecast was for much fewer cuts next year than previously expected.
Ms Daly said the Fed had adjusted its policy by cutting interest rates and that the current level of interest rates was "about right", and she supported gradual measures. Ms Daly highlighted the uncertainty of the current economic environment, with uncertainty about the pace at which inflation would return to its 2 per cent target and the continued strength of the labour market. She said the Fed should watch economic data carefully and stand ready to raise rates again if necessary. At the same t...
The Federal Reserve's Daly said that even if we make another rate cut, policy will remain tight.
The Federal Reserve's Daley said that the Federal Reserve's monetary policy remains restrictive and is working to reduce inflation; risks to inflation and employment are currently in balance; and the labor market is no longer the main source of inflation.
The Federal Reserve's Daley said that the labor market is fully balanced and the time has come to adjust policy; it is difficult to imagine what factors will interfere with the September rate cut; as inflation falls back, it is not expected to tighten policy further; there are no signs of sudden weakness in the labor market, no signs of companies preparing to lay off workers; it is too early to judge the extent of interest rate cuts; interest rates move downward. Daley said that with the inflati...
The Federal Reserve's Daley said that recent inflation data in the United States are good, but the target has not been achieved; the labor market is returning to balance; there are double risks in monetary policy choices; the Federal Reserve still relies on data to set monetary policy; there is a risk of making mistakes by acting early or urgently; prices have not yet stabilized.
The Federal Reserve's Daley said it sees a policy adjustment in the coming period; there is growing confidence that it is approaching a sustainable rate of 2% inflation.
Mr. Daly said recent inflation was a relief but progress would not be smooth; inflation was expected to taper off and the labour market was slowing; the economy looked to be on a more appropriate path to one or two "more or less" rate cuts this year; more information was needed before the next step was fully taken; the fact that so many people were talking about the labour market was quite a signal from the Fed; the labour market had slowed but remained solid.
The Federal Reserve's Daley said that if inflation falls faster than expected, the policy rate must be maintained at a high level for a longer period of time; if inflation gradually declines and the labor market rebalances slowly, then the Federal Reserve can gradually adjust policy; if inflation falls rapidly or the labor market weakens more than expected, lowering the policy rate will be necessary.