Summary
- "San Francisco Fed President mentioned that if inflation rises, the number of rate cuts this year could be less than two."
- "Emphasized the importance of price stability, stating that a gradual policy rate cut is the right approach."
- "Reported that the U.S. labor market is stable, but price stability has not yet been achieved."
According to Bloomberg on the 18th (local time), San Francisco Federal Reserve Bank President Mary Daly stated, "Two rate cuts are expected this year, but if inflation rises further, the number of rate cuts could be reduced to less than two."
She explained, "It is the right approach to gradually lower the policy rate without haste," and added, "The only promise the Fed can make is price stability."
She continued, "The current U.S. labor market is stable, but price stability has not yet been achieved."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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