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The Federal Reserve's Daly: If inflation is more persistent, the number of rate cuts may be less than two.
Golden Ten Data on April 18, the Federal Reserve's Daly said that he was satisfied with the expectation of two interest rate cuts this year, but if inflation is more sticky, the number of interest rate cuts this year may be less than two. If economic growth slows, interest rates will be cut further, and a gradual reduction in the policy rate without a sense of urgency is the right thing to do. The Fed's only commitment is to restore price stability. The U.S. currently has a stable labor market, but price stability is still needed.