Federal Reserve's Daly: If inflation remains stable or declines slowly, interest rates need to stay high for a longer period
ChainCatcher message, Fed's Daly stated that inflation data shows signs of cooling, and the policy effects are in line with expectations. If inflation remains stable or declines slowly, interest rates will need to stay elevated for a longer period. If inflation decreases or there are changes in the labor market, the Fed can adjust its policy in a timely manner.
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