Fed's Daly: Although inflation fell as expected, there is still more work to be done to balance the economy

Odaily Planet Daily News The Federal Reserve Daly said on Thursday that although inflation and job growth fell as expected, there is still more work to be done to balance the economy, and she wants more evidence before deciding whether to raise interest rates further. She believes that while inflation is falling, it is still too high and that today's CPI report is in line with the Fed's forecast for a gradual slowdown. She sees the economy slowing, but not where they want it to be, and businesses are still having a hard time finding workers. She said the Fed had "more work to do" and she had not yet decided whether to support another rate hike next month or how to complete her economic forecast. She also suggested the Fed could keep interest rates at peak levels for longer, with no talk of a rate cut until next year. (Golden Ten)