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Federal Reserve Daly: If inflation becomes more sticky, interest rate cuts may be less than twice this year

Internet reports that Federal Reserve Daly said he is satisfied with the expectation of cutting interest rates twice this year, but if inflation is more sticky, the number of interest rates this year may be less than twice. If economic growth slows down, interest rates will be further cut. It is the right thing to gradually reduce policy interest rates without a sense of urgency. The Fed's only commitment is to restore price stability. The United States currently has a stable labor market, but it still needs to achieve price stability.

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