Federal Reserve Daly: It is more appropriate to cut interest rates about twice this year
TechFlame
2025-08-15 23:57
TechFlame2025-08-15 23:57
English
TechFlame reports that after economic reports showed that retail sales were stronger than expected last month and wholesale prices jumped unexpectedly, the 2027 FOMC ticket committee and San Francisco Federal Reserve Chairman Daley hinted in an interview that she is still preparing to relax the policy as early as next month. Daly said that the job market is weakening and the economy is slowing down, but not slowly. Compared with inflation which is still higher than the Federal Reserve's target, “there will be a reason to cut interest rates a few times at some point this year.” “We'll wait for more data, maybe we'll cut interest rates less, maybe even more, but at the end of the day, I think cutting interest rates twice this year is still a good prediction.” “What I don't want to do is worry too much that inflation may rise again or continue, so much so that we are waiting for this to be clear without supporting the labor market.” (gold 10)