Federal Reserve's Daly: Satisfied with the expectation of two rate cuts in 2025

ChainCatcher news, according to Jinshi reports, 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, and the Federal Reserve can 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 up inventory ahead of Trump's proposed tariff policies. It is hard to say whether tariffs will lead to inflation; more importantly, it is about the scope and timing.