PANews December 20 news, according to Jinshi, San Francisco Fed President Daly said on Friday that the current policy and economic conditions are good. The latest interest rate decision is "evenly matched". It is possible to return to a more typical gradual mode. The Fed is very satisfied with the forecast of two rate cuts in 2025. I am sure that the 100 basis points of rate cuts so far are correct, and the calibration phase is over. Now, we will wait cautiously before further rate cuts. My prediction is that there will be much fewer rate cuts next year than we previously expected. I think policy will support both goals at the same time, reducing inflation without damaging the labor market. We are working hard to achieve a soft landing. We have passed the recalibration stage and entered the next stage, when we will really pay attention to the information received.