Federal Reserve's Daly: There may still be two rate cuts this year, but rates need to remain stable to ensure inflation reaches the target

ChainCatcher news, according to Jinshi reports, Federal Reserve's Daly stated on Thursday that although policymakers may still cut interest rates twice this year, current rates should remain stable to ensure that the inflation rate can reach the Federal Reserve's 2% target.

Daly emphasized that as long as the inflation rate is above the target and there is uncertainty, inflation will be the focus of attention, given the robust state of the labor market. In addition, the U.S. trade court's ruling to block Trump's tariff measures was overturned by the appeals court on Thursday, highlighting the uncertainty in trade policy, which has caused concern among many businesses and the Federal Reserve.