Fed's Daly: Inflation has fallen sharply, and the work of achieving a soft landing is not yet fully completed

Odaily News Fed's Daly said the economy is clearly in a better shape. Inflation has fallen sharply and the labor market has returned to a more sustainable track. The risks to our goals are now balanced. This is a significant improvement compared to two years ago. To me, data dependence does not mean reacting to the data. It means looking ahead and forecasting how we think the economy will develop as information comes in. I think this is optimal, moderate monetary policy. The work of achieving a soft landing is not yet fully done. We are determined to complete the work. But it is not all we are after. Ultimately, we must work to build a world where people no longer worry about inflation or the economy. That is my understanding of victory. (Jinshi)