Fed's Powell: Supporting gradual rate cuts as confidence in inflation strengthens

Wallstreetcn
2024.08.18 22:13

San Francisco Fed President Daly said that recent economic data has given her "more confidence" that inflation is under control. She stated that it is time to consider adjusting interest rates from the current range of 5.25-5.5%. She called for a "cautious" approach to gradually lowering rates. (Financial Times)

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