Fed's Daley responds to whether rates will be cut further during the year: the world is full of uncertainty

According to Golden Ten, Fed Daley said that monetary policy needs to remain tight until there is sustained progress on inflation. She pointed out that the current policy is in a good state, can be adjusted flexibly when necessary, but need to remain cautious before making the next policy adjustment.

On the inflation situation, Daley said that inflation is gradually coming down, but the process is relatively volatile. For the question of whether to further cut interest rates during the year, she said ‘the world is full of uncertainty’, need more information to make decisions, but also need to pay attention to the labour market situation. In addition, as the exact scope, scale and implementation time of the new United States government's policies are still unclear, it is not advisable to make hasty decisions that may be regretted.