PANews reported on April 18 that Fed Chair Daly said she was satisfied with the expectation of two rate cuts this year, but if inflation is more sticky, there may be fewer than two rate cuts this year. If economic growth slows, further rate cuts will be made. It is right to gradually reduce the policy rate without a sense of urgency. The Fed's only commitment is to restore price stability. The United States currently has a stable labor market, but price stability still needs to be achieved.
Fed's Daly: If inflation is stickier, there may be fewer than two rate cuts this year
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