Mary Dali, head of the Federal Reserve in San Francisco, confirms that this year price cuts remain a reasonable projection, but with strong economic indicators, policy makers can stick to reducing prices in order to evaluate how companies are adapted with customs tariff costs.
Main quotes
Two price cuts are still reasonable for 2025.
You need to wait and see monetary policy, and give industries time to adapt to the customs tariff.
The growth and work market remains strong.
Ensure that we are on a sustainable path to 2 % of inflation is the highest mind.
Politics in a good place, it should be patient to ensure low inflation.
It has not changed its price supply since last year, it has no enough information to make a change.
Hear “cautious optimism” from companies.
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