With inflation progress slow, Fed's Daly says rate cuts may need to wait

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SAN FRANCISCO: San Francisco Federal Reserve President Mary Daly said on Friday (Apr 18) that while she is still comfortable with a couple of interest rate cuts this year, rising risks of inflation mean the central bank may need to do less, especially given that uncertainty over President Donald Trump's trade policy has so far done little to disrupt still-solid US economic growth. "Continuing to gradually reduce the policy rate with no urgency to react fast is the right thing to do," she said

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With inflation progress slow, Fed's Daly says rate cuts may need to wait https://www.channelnewsasia.com - 18.04.2025 20:56

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With inflation progress slow, Fed's Daly says rate cuts may need to wait https://www.channelnewsasia.com - 18.04.2025 20:56