Fed's Collins: Current outlook calls for a gradual and patient approach to rate cuts

Odaily Planet Daily News According to the Federal Reserve's Collins, the current outlook requires a gradual and patient approach to interest rate cuts, supporting last December's rate cut, but this is a critical decision. The Fed is not following a predetermined path, and policies are in good shape. The current economic outlook is consistent with the Fed's December forecast, and inflation is expected to be higher than recent levels. The rate cut in December provided job market protection, and the economy is gradually and asynchronously returning to the 2% inflation target. (Jinshi)