Fed's Daly: Inflation data shows it is cooling down, policy effect is in line with expectations

According to BlockBeats, on June 28, Fed President Daly said that inflation data showed that it was cooling down and the policy effect was in line with expectations. If inflation remains stable or falls slowly, interest rates will need to remain high for a longer time. If inflation falls or the labor market changes, the Fed can adjust its policy in a timely manner.