(MT Newswires) -- The president of the San Francisco Federal Reserve, Mary Daly, has confirmed that the Fed is considering three rate cuts for the current year, while making it clear that these forecasts are not guarantees. The projections, she explained, depend on how the economy develops and the necessary adjustments to monetary policy.
Daly stresses the importance of remaining flexible and ready to adjust policy if economic conditions change. If inflation remains higher than expected, this could mean fewer rate cuts than anticipated. Conversely, if the labour market deteriorates or inflation falls faster, additional rate cuts could be justified.
Daly says she is confident in the current monetary policy stance, with well-calibrated rates and a strong economy, but acknowledges that there is still work to be done to confirm the trajectory of future rate cuts.
