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Fed Daly: Interest rate cuts necessary if inflation falls rapidly or the job market weakens more than expected
The Federal Reserve's Daley said that if inflation falls faster than expected, the policy rate must be maintained at a high level for a longer period of time; if inflation gradually declines and the labor market rebalances slowly, then the Federal Reserve can gradually adjust policy; if inflation falls rapidly or the labor market weakens more than expected, lowering the policy rate will be necessary.
2024-06-24 18:35:37
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