FED’S DALY: TWO RATE CUTS IN 2025 STILL A REASONABLE OUTLOOK

Advocates a wait-and-see approach on monetary policy, allowing industries time to adjust to tariffs.

Notes solid growth and a strong labor market.

Emphasizes that ensuring a sustainable path to 2% inflation remains a top priority.

Believes policy is well-positioned, requiring patience to bring inflation down.

No change in her rate-path projection since last year due to insufficient new data.

Reports “cautious optimism” from businesses.

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