Fed's Daly 'Very Comfortable' With Two 2025 Rate Cuts

The transcript discusses the expectations for rate cuts in upcoming meetings, emphasizing the need for agility and adaptability in decision-making. It highlights the dual mandate goals of price stability and employment, and the importance of considering new information due to the uncertainty of projections. The speaker is comfortable with the current median projection of two rate cuts next year but stresses the need to remain flexible and responsive to economic changes.

What is the initial expectation regarding rate cuts in meetings?

• Rate cuts will happen at every meeting.

• Rate cuts will not happen at any meeting.

• Rate cuts will happen at every other meeting.

• Rate cuts will happen twice next year.

What is the median projection for rate cuts next year?

• No rate cuts

• One rate cut

• Two rate cuts

• Four rate cuts

Why is agility important in achieving dual mandate goals?

• Because rate cuts are predictable.

• Because the world is uncertain.

• Because employment is not a concern.

• Because inflation is always stable.

What does the speaker suggest about the accuracy of projections over time?

• Projections become more accurate over time.

• Projections are irrelevant over time.

• Projections remain constant over time.

• Projections become less accurate over time.

What is the speaker's projection regarding rate cuts for next year?

• There will be no rate cuts.

• There will be fewer rate cuts than expected.

• There will be more rate cuts than expected.

• There will be the same number of rate cuts as expected.