U.S. Federal Reserve Vice Chair "Cautious approach needed for further rate cuts"

On the 9th (local time), according to economic news channel Walter Bloomberg, Michael Barr, U.S. Federal Reserve (Fed) Vice Chair, said "There is still uncertainty about inflation and the labor market" and "a cautious approach is necessary for further rate cuts." Barr emphasized that "since economic indicators are mixed, future monetary policy decisions require a gradual, data-driven approach." He also added, "Rather than hastening the pace of policy easing, price stability and employment balance should be considered simultaneously."