Fed's Daley: Rate cut necessary if inflation falls quickly or job market weakens more than expected
Bitget2024/06/24 20:08
Fed Daley said that if inflation falls slower than expected, the policy rate must be maintained at a high level for a longer period of time; if inflation declines gradually, the labor market rebalance is slow, then the Fed can gradually adjust the policy; if inflation declines rapidly or the labor market is weaker than expected, reduce the policy rate will be necessary.
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