Federal Reserve Daley: If inflation becomes more sticky, the number of interest rate cuts this year may be less than two

Federal Reserve Daley expressed satisfaction with the expectation of two interest rate cuts this year, but if inflation becomes more sticky, the number of interest rate cuts this year may be less than two. If economic growth slows down, further interest rate cuts will be implemented, and gradually lowering policy interest rates without a sense of urgency is the correct approach. The only commitment of the Federal Reserve is to restore price stability. The United States currently has a stable labor market, but still needs to achieve price stability.