Fed's Daly: One or two more rate cuts this year if forecasts met

If forecasts are met, I see one or two more rate cuts this year.

Talk of gradual rate cuts means less than it appears.

I am more comfortable that the Fed can wind down the balance sheet without market trouble.

Inflection points, like now, are likely to generate more dissents.

The lack of Fed dissents doesn't mean that officials fully agree.

See signs the housing market is coming back to life.

I won't be surprised by messy economic data.

3% rate may be around neutral.

The funds rate a long way from where it's likely to settle.

Inflation's retreat has been broad based.

The Fed has been able to get inflation down without major disruption.

I am cautiously optimistic about economic outlook.

A continued expansion remains very possible.

The labor market has cooled, largely normalized from the pandemic.

The economy is clearly in a better place, inflation has eased a lot.

The current unemployment rate is near the long-run level.

The data shows public expects inflation to ease more over time.

Fed monetary policy still restrictive and we are working to lower inflation.

Continued progress on the Fed goals is not assured, the Fed must remain vigilant.

The Fed must deliver 2% inflation while keeping the job market at full employment.

Risks to the Feds job & inflation mandates now more balanced.