Fed's Daly: If inflation falls rapidly or the job market weakens beyond expectations, it will be necessary to cut interest rates
Fed's Daly stated that if inflation falls slower than expected, policy rates must be maintained at a high level for a longer time; if inflation gradually falls and labor market rebalances slowly, then the Fed can gradually adjust its policy; if inflation falls rapidly or the labor market is weaker than expected, lowering policy rates will be necessary.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New York man to pay $36 million for forex and crypto fraud
Cryptocurrency Statement from Visa: “The Future Will Be Different”
Visa's cryptocurrency manager, Cuy Sheffield, spoke about the future of the industry in his statement. Here are the details.
Will Altcoin Season Begin? Analytics Company Gives Its Opinion
Is there a possibility of a rally on the altcoin side after the FED makes a big interest rate cut? The analysis company shared.
Michael Saylor’s Bitcoin Claim Dropped Like a Bomb: “According to Credible Rumors…”
MicroStrategy board chairman Michael Saylor touched on a Bitcoin claim in his statement.