{"id":32013,"date":"2025-08-30T02:14:09","date_gmt":"2025-08-30T02:14:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/32013\/"},"modified":"2025-08-30T02:14:09","modified_gmt":"2025-08-30T02:14:09","slug":"feds-daly-repeats-that-it-will-soon-be-time-to-recalibrate-policy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/32013\/","title":{"rendered":"Fed&#8217;s Daly repeats that it will soon be time to recalibrate policy"},"content":{"rendered":"<ul data-v-4026719d=\"\">\n<li data-v-4026719d=\"\">It will soon be time to recalibrate policy to better match our economy.<\/li>\n<li data-v-4026719d=\"\">Both mandates are in tensions now.<\/li>\n<li data-v-4026719d=\"\">Tariffs are pushing inflation higher and the labour market is slowing.<\/li>\n<li data-v-4026719d=\"\">I think tariff-relates price increases will be a one-off.<\/li>\n<li data-v-4026719d=\"\">It will take time before we know that for certain but we can&#8217;t wait for perfect certainty without risking harm to the labour market.<\/li>\n<\/ul>\n<p data-v-4026719d=\"\">It&#8217;s funny how they avoid using the word &#8220;transitory&#8221;. Anyway, Fed&#8217;s Daly is just repeating that she expects the tariff-driven inflation to be short-lived and therefore favours lowering interest rates to help the labour market which in her view is slowing. <\/p>\n<p data-v-4026719d=\"\">It looks like a September cut is a done deal no matter what. It might eventually be just a one and done, but they really want to cut in September and then see what happens with the data.<\/p>\n<p data-v-4026719d=\"\">If they cut into strength, it could be another policy mistake&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"It will soon be time to recalibrate policy to better match our economy. Both mandates are in tensions&hellip;\n","protected":false},"author":2,"featured_media":32014,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-32013","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/32013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=32013"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/32013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/32014"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=32013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=32013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=32013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}