The Federal Reserve's Daly: A weaker labor market makes it more appropriate to cut interest rates in the fall, as the economic fundamentals are developing towards rate cuts.

According to ChainCatcher news, Jin10 reported that Federal Reserve official Daly stated that unless there is a weakness in the labor market, an interest rate cut in the fall seems more appropriate. He pointed out that the economic fundamentals are developing in a direction that may require rate cuts, company CEOs are cautiously optimistic about tariffs, and the impact of other possible tariff measures on inflation may not be that significant. Daly emphasized that continuous attention to policy trends will be necessary in the future, and if there are no tariff measures, consideration will be given to normalizing interest rates. He also mentioned that the continued decline in inflation is good news, and the concerns about the impact of tariffs on inflation are not as severe as initially announced. So far, the economic situation is good, and the policy is the same, keeping the situation balanced.