Federal Reserve's Daly: If inflation falls rapidly or the job market weakens beyond expectations, it is necessary to cut interest rates
ChainCatcher news, Federal Reserve's Daly stated that if the rate of inflation falls slower than expected, policy interest rates must be maintained at a high level for a longer period; if inflation gradually decreases and the labor market rebalances slowly, then the Federal Reserve can gradually adjust its policies; if inflation drops rapidly or the labor market is weaker than expected, reducing policy interest rates will be necessary.
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