Feds Daly: If inflation falls rapidly or the job market weakens beyond expectations, it will be necessary to cut interest rates

2024/06/25 05:08

Odaily News Feds Daly said that if inflation falls slower than expected, the policy interest rate must remain at a high level for a longer time; if inflation falls gradually and the labor market rebalances slowly, then the Fed can gradually adjust its policy; if inflation falls rapidly or the labor market weakens more than expected, it will be necessary to lower the policy interest rate.

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