Federal Reserve's Daly: Satisfied with the Expectation of Two Rate Cuts in 2025
Globe News December 20｜Federal Reserve official Daly stated in an interview that she would be satisfied with two rate cuts in 2025. She mentioned that both the economy and policy are in good shape, allowing the Federal Reserve to return to a more typical gradual policy approach. The recent interest rate decisions have been difficult, which seems to echo Chairman Powell's remarks at the FOMC press conference. She noted that some companies are building inventory ahead of the tariffs proposed by Trump. It is difficult to say whether tariffs will lead to inflation; more importantly, it is about the scope and timing.