Fed's Daly emphasizes not changing the dual mandate, but hopes to evaluate the economy with new methods.

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BlockBeats news, on July 2, Federal Reserve Daly said that inflation should begin to slow, but there is a high degree of uncertainty about the economic outlook. Daly said at a Bank of Spain event in Santander on Thursday: “We continue to keep policy at a slightly restrictive level, so inflation should decline.” After the U.S. went to war with Iran, tariffs and rising oil prices pushed inflation higher this spring. Daly expressed appreciation that the surge in oil prices following the U.S.-Iran ceasefire agreement has eased, calling it “a glimmer of hope for relief,” but warned that it is not yet clear how the economy will evolve. Daly outlined several scenarios that could require different responses from the Federal Reserve and said the Fed may need to respond more aggressively to persistent inflation. Daly also noted that she is open to adopting different and novel approaches to assessing the economy, but for the Fed’s credibility, it is important not to change the goals of its two missions: promoting maximum employment and maintaining stable prices.
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