Fed's Daly: Comfortable with expectations of two rate cuts in 2025
According to the report by JinShi, Federal Reserve official Daly said in an interview that she would be satisfied with two rate cuts by 2025. She said the economy and policy are in good shape, and the Fed can return to a more typical gradual policy mode. The recent interest rate decisions have been difficult, which seems to echo the remarks made by Chairman Powell at the FOMC press conference. She said some companies are rushing to build up inventories before Trump's tariff policy is proposed. It is difficult to say whether the tariffs will lead to inflation, and the time frame and magnitude are more important.
