Odaily Planet Daily News San Francisco Fed Chairman Daley said she believes it is appropriate for the Fed to start lowering interest rates.
Daly Zhou said in an interview on Monday, "The labor market has achieved complete balance. The time has come to adjust policies." This view is consistent with the remarks made by Federal Reserve Chairman Powell last week at the Jackson Hole Symposium, where he expressed confidence that the inflation rate is on its way back to 2% and also said that "the time has come to adjust policies".
Daley emphasizes that the Federal Reserve must bring the inflation rate down to the target of 2%, but she and her colleagues will also strive to prevent restrictive policies from harming the labor market. (Jinshi)
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Jerome Powell: It's time to cut interest rates
Odaily Planet Daily News San Francisco Fed Chairman Daley said she believes it is appropriate for the Fed to start lowering interest rates. Daly Zhou said in an interview on Monday, "The labor market has achieved complete balance. The time has come to adjust policies." This view is consistent with the remarks made by Federal Reserve Chairman Powell last week at the Jackson Hole Symposium, where he expressed confidence that the inflation rate is on its way back to 2% and also said that "the time has come to adjust policies". Daley emphasizes that the Federal Reserve must bring the inflation rate down to the target of 2%, but she and her colleagues will also strive to prevent restrictive policies from harming the labor market. (Jinshi)