Federal Reserve's Daly: The Federal Reserve can adjust policies appropriately in due time

Federal Reserve's Daly stated that inflation data shows a cooling trend, and policy effects are in line with expectations. Monetary policy needs more time to take effect, but it is working, and there is evidence that the policy has tightened enough.

The Federal Reserve has not yet completed its task, but today's personal consumption expenditure data is "good news". If inflation remains stable or decreases slowly, interest rates need to maintain a higher level for a longer period of time. If inflation falls or there are changes in the labor market, the Federal Reserve can adjust policies timely.