Fed's Daly: If inflation is stickier, there may be fewer than two rate cuts this year

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MarsBit
04-18
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Mars Finance News: According to Jinshi Report, Daley of the Federal Reserve stated that she is satisfied with the expectation of two rate cuts this year, but if inflation remains more persistent, the number of rate cuts this year may be less than two. If economic growth slows down, further rate cuts will be considered. Gradually lowering policy rates without urgency is the correct 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.

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