Federal Reserve official Dale: Still feeling comfortable with cutting interest rates twice before the end of 2025.

Mary Daly, President of the Federal Reserve Bank of San Francisco, said she still feels reassured by the Fed's March forecast, which shows Fed officials expect to cut interest rates twice by the end of this year. Daly stated that she hopes to maintain the current moderate policy rate restrictions temporarily until it is certain that the inflation rate will reach the target of 2%. Therefore, she still feels confident in the economic forecast summaries released in December and March, which suggested that two interest rate cuts seemed like a good prediction. She also stated that the latest news about the economy is very positive, and Friday's inflation data release is good news for consumers.