ChainCatcher reports, according to Jinshi, Daley of the Federal Reserve stated that she is satisfied with the expectation of two rate cuts this year, but if inflation remains more sticky, the number of rate cuts this year may be less than two.
If economic growth slows down, further rate cuts will be made. Gradually lowering policy interest rates without urgency is the right approach. The Federal Reserve's only commitment is to restore price stability. Currently, the United States has a stable labor market, but price stability still needs to be achieved.
