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

2025-04-19 00:00

BlockBeats News, April 19th, Federal Reserve President Daly stated that she is satisfied with the expectation of two interest rate cuts this year, but if inflation proves to be stickier, the number of rate cuts this year may be fewer than two. If economic growth slows, further rate cuts will be implemented. Gradually lowering the policy rate with no sense of urgency is the right approach. The Federal Reserve's only commitment is to restore price stability. The current US has a stable labor market but still needs to achieve price stability. (FX168)

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

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