Fed's Daley: rate cuts may come once or twice more this year

Fed Daley said, fully support the September rate cut of 50 basis points; confident in the path to achieve the 2% inflation target; may also cut rates once or twice this year; policy rates stable, real interest rates rise; will pay attention to the data, monitoring the labour market and inflation, as needed to adjust interest rates; the magnitude of the rate cut in September does not imply that the rate of future rate cuts in the rate or the magnitude of the rate.