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Federal Reserve's Daly: If inflation falls rapidly or the job market weakens beyond expectations, it is necessary to cut interest rates

Federal Reserve's Daly: If inflation falls rapidly or the job market weakens beyond expectations, it is necessary to cut interest rates

Bitget2024/06/25 00:26

ChainCatcher news, Federal Reserve's Daly stated that if the rate of inflation falls slower than expected, policy interest rates must be maintained at a high level for a longer period; if inflation gradually decreases and the labor market rebalances slowly, then the Federal Reserve can gradually adjust its policies; if inflation drops rapidly or the labor market is weaker than expected, reducing policy interest rates will be necessary.

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