Recently, Fed official Daly expressed a series of views on monetary policy. He stated that while two rate cuts this year may still be an appropriate adjustment, the actual situation may require more rate cuts. Daly is satisfied with the decision made in July but feels uncomfortable with repeating the same decision.

Regarding the future direction of policy, Daly emphasized that each meeting may consider policy adjustments. He is willing to wait for another cycle, but warned that one cannot wait indefinitely. As for whether September is suitable for a rate cut, Daly believes there is still a lot of uncertainty.

In terms of the job market, Dali pointed out that it is not extremely weak at the moment, but it is softening, and further deterioration would be unwelcome. He emphasized that decisions must be based on the most likely scenarios and cannot wait until it is certain that inflation will not persist.

It is worth noting that Dali has not seen signs of tariffs having a persistent impact on inflation. This view may influence future policy-making.

Overall, Dali's remarks reflect the Fed's cautious attitude in the current economic environment, as well as ongoing concerns about the labor market and inflation trends. These factors will continue to influence the Fed's future monetary policy decisions.