Fed's Daly Highlights Economic Progress and Inflation Reduction

According to Odaily, Federal Reserve's Daly has stated that the economy is evidently in a better state. Inflation has significantly decreased, and the labor market has returned to a more sustainable trajectory. The risks to our goals are now balanced, which marks a notable improvement compared to two years ago. For Daly, being data-dependent does not mean reacting to data but rather looking ahead and predicting how the economy will develop as information comes in. She believes this approach represents the optimal and moderate monetary policy. The work to achieve a soft landing is not yet fully completed, but there is a determination to finish this task. However, this is not the entirety of their pursuit. Ultimately, the goal is to build a world where people no longer worry about inflation or the economy. This is Daly's understanding of victory.