Fed's Daly Confident In Achieving 2% Inflation Target

According to BlockBeats, on October 10, Federal Reserve's Mary Daly expressed full support for the 50 basis points rate cut in September. Daly conveyed confidence in the path to achieving the 2% inflation target and indicated that there might be one or two more rate cuts this year. She noted that while the policy rate remains stable, the real interest rate is rising. Daly emphasized the importance of monitoring data, particularly the labor market and inflation, and adjusting interest rates as necessary. The extent of the September rate cut does not imply the future pace or magnitude of rate cuts.