Fed's Daly: There is no urgency to cut interest rates, and we need to have full confidence that the inflation rate will reach 2% before taking action

According to Odaily Planet Daily, Fed President Daly said that there is no urgency to cut interest rates, and it is necessary to wait until there is full confidence that the inflation rate will move towards 2% before cutting interest rates. He stressed that there is no reason to be surprised by the bumpy road of inflation decline, and we are moving towards the goal of reducing inflation to 2% as gently as possible.