Federal Reserve's Daly: Inflation has significantly decreased, the work to achieve a soft landing is not yet fully completed
Federal Reserve's Daly stated that the economy is clearly in a better state. Inflation has significantly decreased, and the labor market has returned to a more sustainable track. The risks to our goals are now balanced. Compared with two years ago, this is significant progress. For me, data dependence does not mean reacting to data. It means anticipating and predicting how we think the economy will develop as information arrives. I believe this is the optimal, moderate monetary policy. The work of achieving a soft landing is not yet fully completed. We are determined to complete this task. But this isn't all we're after ultimately, we must strive to build a world where people no longer worry about inflation or economics.This is my understanding of victory.
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