Federal Reserve’s Daly emphasizes that the dual mandate goals will not be changed, but hopes to assess the economy using new methods.

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Mars Finance news, on July 2, Federal Reserve's Daly stated that inflation should begin to slow down, but there is significant uncertainty in the economic outlook. Speaking at a Bank of Spain event in Santander, Spain on Thursday, Daly said: "We continue to maintain policy at a mildly restrictive level, so inflation should decline." After the US went to war with Iran, tariffs and oil price increases pushed inflation higher this spring. Daly expressed appreciation for the drop in oil prices following the US-Iran ceasefire agreement, calling it a "glimmer of relief," but warned that it is still unclear how the economy will evolve. Daly outlined several scenarios that might require different responses from the Fed and indicated that the Fed may need to respond more aggressively to persistent inflation. Daly also noted an openness to adopting different and novel approaches to assessing the economy, but emphasized that for the Fed's credibility, it is important not to change its dual mandate of promoting maximum employment and stable prices.
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