In a Q&A discussion on the Quora website, Fed official Mary Daly explained her support for the July rate cut, which had its opponents
The quarter-percentage-point lowering of short-term rates last month “was an appropriate recalibration of policy in response to the headwinds we’re facing—along with inflation rates that continue to come in under our 2% target,” Ms.
Daly said in a question-and-answer discussion on the Quora website.Canada Latest News, Canada Headlines
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