TechFlow news, according to Jinshi Data, Federal Reserve official Daly said that if inflation remains stable or declines slowly, interest rates will need to stay elevated for a longer period; if inflation drops or the labor market shifts, the Fed can adjust its policy accordingly.
She emphasized that monetary policy takes time to fully take effect, but there is already evidence showing the policy is sufficiently restrictive. Although the Fed has not yet completed its task, today's personal consumption expenditure data is "good news," with inflation data showing signs of cooling and policy effects aligning with expectations.
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