Fed's Collins: The current outlook requires a gradual and patient approach to interest rate cuts

Odaily Daily News: Collins of the Federal Reserve said that the current outlook requires a gradual and patient approach to interest rate cuts, supporting the rate cut in December last year, but this is a critical decision. The Federal Reserve is not following a predetermined path, and the policy is in good shape. The current economic outlook is consistent with the Fed's forecast in December. Inflation is expected to be higher than recent levels. The rate cut in December provides protection for the labor market, and the economy is gradually returning to the target inflation rate of 2% along a gradual and asynchronous trajectory. (Jin Shi)