Fed's Daly Says Policy Rate Is Appropriate for State of Economy

The transcript discusses the Federal Reserve's current monetary policy stance, emphasizing its appropriateness given the economic conditions. It highlights the Fed's dual mandate goals of full employment and price stability, achieved through recent rate cuts. The Fed remains vigilant, monitoring data and potential risks, including global growth and trade uncertainties. The policy is moderately accommodative, aiming to sustain growth and achieve a 2% inflation target. The discussion also considers future economic risks and opportunities, such as trade uncertainties and Brexit.

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