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

Odaily News Fed's 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.