Federal Reserve's Daly Emphasizes Cautious Policy Adjustment

According to Odaily, Federal Reserve official Mary Daly has stated that there is no need for haste in adjusting monetary policies. Daly emphasized the importance of careful calibration of policies, indicating that a decision will be made at the December meeting. She highlighted the significant work still required to achieve a 2% inflation rate and sustained economic growth. Inflation remains the primary challenge facing individuals, underscoring the need for strategic and measured policy actions to address these economic concerns. The Federal Reserve continues to focus on balancing inflation control with fostering long-term economic stability, reflecting the complexities of the current economic landscape. Daly's comments suggest a cautious approach as the Federal Reserve navigates these challenges, aiming to ensure both inflation targets and economic growth objectives are met effectively.