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Federal Reserve's Daly: Haven't seen any reason to stop cutting interest rates yet

Federal Reserve's Daly: Haven't seen any reason to stop cutting interest rates yet

Bitget2024/10/21 23:30

Federal Reserve's Daly stated that the Fed will continue to adjust policies to adapt to economic conditions; it is expected that interest rates will continue to be cut in the future; no reasons have been seen yet for stopping rate cuts; monetary policy is definitely still tight; she does not want to see further deterioration of the labor market. The recent rate cut by the Fed was passed with only a slight advantage, and at that time, she strongly supported a 50 basis point rate cut.

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