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Federal Reserve's Daly: Trump has brought too much uncertainty, and there is no urgency to cut interest rates at present.
① Mary Daly, president of the San Francisco Federal Reserve, stated that Federal Reserve policy needs to remain restrictive until there is more progress on inflation; ② Daly expects inflation to improve but it will take time to assess the impact of Trump's policies. She believes that policy has a dual impact on the economy, and there is currently not enough information for the Federal Reserve to respond.
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