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Federal Reserve Bank of San Francisco President Mary Daly said that the US central bank needs to take a gradual approach to lowering borrowing costs, per Financial Times.
Daly calls for a "prudent" approach to lowering rates
Pushes back on economists’ concerns that the US economy is heading for a sharp slowdown that warrants rapid cuts in interest rates.
Gradualism is not weak, it’s not slow, it’s not behind, it’s just prudent.
After the first quarter of this year, inflation has just been making gradual progress toward 2 percent.
The Fed did not want to overtighten into a slowing economy.
No need for a dramatic response to the weakening labor market.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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