Federal Reserve's Daly: Two rate cuts this year are still an appropriate adjustment, and no signs of tariffs having a sustained impact on inflation.

BlockBeats news, on August 5, Federal Reserve's Daly stated that two rate cuts this year are still an appropriate adjustment. Satisfied with the Fed's decision in July, but less satisfied with making the same decision again.

There is still a lot of uncertainty regarding whether there will be a rate cut in September. 'Regarding the July decision, I am willing to wait another cycle, but I cannot wait indefinitely. The job market has not shown significant weakness, but it is softening, and further softening would be unwelcome.'

No signs of tariffs having a sustained impact on inflation. (Jin Shi)