2025-04-19 02:02:47

The Federal Reserve (FED) Daly: If inflation is more persistent, the number of rate cuts this year may be less than two.

Cailian Press

2025-4-1823:50 Shanghai Caixin News official account

[The Federal Reserve (FED) Daly: If inflation is more sticky, the number of rate cuts this year may be less than two] Caixin, April 18 - The Federal Reserve (FED) Daly expressed satisfaction with the expectation of two rate cuts this year, but if inflation is more sticky, the number of rate cuts this year may be less than two. If economic growth slows, further rate cuts will be made, gradually lowering the policy interest rate, and having no sense of urgency is the right approach. The only commitment of the Federal Reserve (FED) 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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