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Fed's Daly: Hope to relax restrictions while maintaining some restraint
Jinshi data, August 19 news, last week's U.S. CPI data showed that the inflation rate fell to 2.9% in the year ending July, the lowest in three years. Daly said, "After the first quarter of this year, inflation has been gradually moving towards 2%." "We haven't reached that goal yet, but it obviously gives me more confidence that we are moving towards price stability." Daly said the Fed hopes to relax its policy restrictions while still exercising some restraint to fully address inflation.