The president of the Fed of San Francisco, Mary Daly, argues that two rate cuts this year remain a reasonable projection, but with robust economic indicators, those responsible for the policy can wait to reduce the rates until they evaluate how companies adapt to the costs of tariffs.
Outstanding comments
Two rates cuts remain a reasonable projection by 2025.
We need a waiting position and see about monetary policy, give time to industries to adjust to tariffs.
Growth and labor market remain solid.
Make sure we are on a sustainable path towards inflation of 2% is a priority.
Politics is in a good place, we must be patient to ensure that inflation falls.
It has not changed its projection of rates trajectory since last year, it does not have enough information to make a change.
Listening to ‘cautious optimism’ of companies.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
