Federal Reserve's Daly: It is necessary to cut interest rates if inflation falls rapidly or the labor market weakens more than expected

ChainCatcher message, Federal Reserve's Daly stated that if inflation declines more slowly than expected, the policy rate must remain high for a longer period; if inflation gradually decreases and the labor market rebalances slowly, the Federal Reserve can gradually adjust policy; if inflation declines rapidly or the labor market weakens beyond expectations, lowering the policy rate will be necessary.