Ella 
On Tuesday, San Francisco Federal Reserve President Mary Daly said, “We have to evaluate how long we can keep interest rates at current levels,” she said on Tuesday. Daly added that inflation is gradually declining, although the process is unstable and gradual. Daly pointed out that although there is no immediate need to adjust interest rates, staying on hold is the appropriate policy at the moment. Daley also believes progress is being made, but there is a clear gap between supply and demand in the housing market. The economy is showing signs of improvement, and while it’s possible interest rates will begin to adjust this year, we’re not there yet.
There are “real risks” of cutting rates too early.
If we lock inflation at this level, it’s a “toxic tax.”
We want to bring inflation back fully to 2%.
Three interest rate cuts this year are “reasonable” basic expectations.
The forecast of three interest rate cuts is not a promise.
