Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

BTC Stalls at 105K as Analyst Says Market Looks ‘Overheated’

June 2, 2025

Paris Saint-Germain Fan Token rallies 10% as PSG wins UCL

June 2, 2025

TAIKO and NEON face heaviest sell pressure

June 2, 2025

Silk Road founder receives 300 BTC donation from ‘questionable source’

June 2, 2025

Vitalik Buterin confirms Ethereum’s layer 1 to scale tenfold within 12 Months

June 2, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    PrimeXBT Expands Global Reach with FSCA-Regulated Crypto Asset Services

    June 2, 2025

    Dogecoin Just Hit Its Final Support—Bulls Have One Last Shot

    June 2, 2025

    Bitcoin Price Recovery Begins With Jump to $106K as Monero Marks 5% Increase (Market Watch)

    June 2, 2025

    Bitcoin Price Risks Break Down To $92,000 As It Enters Accumulation Phase

    June 2, 2025

    Ethereum Price Stabilizes After Drop — Can Bulls Regain Control?

    June 2, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Markets » Fed’s Daly expresses ‘relief’ over April’s PCE inflation, warns that the fight’s not over
Markets

Fed’s Daly expresses ‘relief’ over April’s PCE inflation, warns that the fight’s not over

Crypto Observer StaffBy Crypto Observer StaffMay 31, 2025No Comments3 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Mary Daly, who runs the San Francisco branch of the Fed, said on Friday that while the latest inflation figure brings some “relief” to Americans, the central bank isn’t done yet.

The comment came during her appearance on Maria Bartiromo’s Wall Street on Fox Business, where she was talking about the 2.1% rise in April’s personal consumption expenditures (PCE) price index, which is the Fed’s preferred inflation measure. It was the slowest annual increase in four years.

“That’s good relief for American consumers,” Mary said, but she also warned that this number doesn’t tell the whole story. “It’s an incomplete picture of what we have to look at as policymakers,” she said. She added that looking ahead, inflation still carries risks, and the Fed isn’t ready to make any sudden moves.

Mary made it clear she still thinks monetary policy is in a good place, and she’s okay with two rate cuts in 2025, if inflation keeps cooling and the economy stays steady. “We can actually move one way or another as the data unfolds,” she said.

But she also added, “You want to keep the policy rate modestly restrictive for now until we are sure that inflation is going to get to that 2%.”

Trump met Fed’s Powell at the White House to demand lower rates

The day before Mary gave her TV interview, President Donald Trump met with Fed Chair Jerome Powell at the White House. This came after weeks of Trump pressuring the Fed to cut rates, both online and behind closed doors. Trump invited Powell to discuss “economic developments including for growth, employment, and inflation,” according to Reuters.

The Fed later confirmed the meeting happened, but said Powell didn’t give any policy guidance. He only repeated that any future changes to interest rates would depend entirely on economic data. The statement stressed that Powell and the rest of the central bank will continue to base decisions on “careful, objective, and non-political analysis.”

But Trump is clearly not buying that. He’s been slamming Powell for weeks on his Truth Social account, accusing the Fed of holding back growth by keeping interest rates too high. On May 17, he posted, “THE CONSENSUS OF ALMOST EVERYBODY IS THAT, ‘THE FED SHOULD CUT RATES SOONER, RATHER THAN LATER.’ Too Late Powell, a man legendary for being Too Late, will probably blow it again – But who knows???”

White House Press Secretary Karoline Leavitt confirmed that Trump didn’t hold back in private either. “The president did say that he believes the Fed chair is making a mistake by not lowering interest rates,” Karoline told reporters. “It’s putting us at an economic disadvantage to China and other countries.”

The Federal Open Market Committee (FOMC) hasn’t cut rates since December, just before Trump returned for his second nonconsecutive term. Meanwhile, Trump is rolling out new tariffs that could increase inflation, complicating things for a Fed trying to manage prices while keeping the economy afloat.

So far, the central bank is standing firm. Mary’s comments show that officials are in no rush to change course. The April PCE report may have been good news, but the Fed is still watching the road ahead — and they’re not done steering yet.

Read the full article here

Fintech
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Nobel prize-winning economist says ‘stablecoins don’t serve any clearly useful function ’; Coinmetrics co-founder disagrees

June 2, 2025

James Wynn Dumps Hyperliquid, Says Bye Bye to Perpetual Trading

June 2, 2025

Is Fed Chair Jerome Powell Resigning Tomorrow? 

June 2, 2025

Here Are the Altcoins Experiencing a Surge in Trading Volume on South Korean Cryptocurrency Exchanges – XRP Loses the Top Spot, Bitcoin Not Even…

June 2, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

BTC Stalls at 105K as Analyst Says Market Looks ‘Overheated’

June 2, 2025

Paris Saint-Germain Fan Token rallies 10% as PSG wins UCL

June 2, 2025

TAIKO and NEON face heaviest sell pressure

June 2, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Dogecoin Just Hit Its Final Support—Bulls Have One Last Shot

June 2, 2025

Bitcoin Price Recovery Begins With Jump to $106K as Monero Marks 5% Increase (Market Watch)

June 2, 2025

Bitcoin Price Risks Break Down To $92,000 As It Enters Accumulation Phase

June 2, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.