Fed's Daly: There will be several more rate cuts, 3% may be a good guess for the neutral interest rate

BlockBeats news, on October 16, Fed Daly believes that the Fed will still have several interest rate cuts before monetary policy returns to neutral. Daly said of the federal funds rate: "The fact is that we are still a long way from the level we might reach."

She added that the nominal neutral interest rate may have risen before the outbreak, but the exact level is difficult to accurately predict. She said 3% might be a good guess. (Jinshi)