U.S. Federal Reserve Member: The mission of achieving a soft landing has not been accomplished yet.

Federal Reserve Bank member Mary Daly tweeted on the social media platform X that the U.S. economy is in a good position, adding that inflation has seen a sustainable decline and the labor market has returned to a more sustainable path.

In addition to this, Daly pointed out the following:

• The data-driven approach does not mean that the U.S. Federal Reserve is reacting to this data, but it influences the outlook and expectations of how the economy will move.
• We must remain vigilant in continuously assessing the economy and balancing the Federal Reserve’s goals of stabilizing inflation at 2% while ensuring that the labor market remains aligned with full employment.
• Households, businesses, and communities want to coexist with a lasting economy, featuring sustainable growth, a healthy labor market, and low inflation.
• The task of achieving a smooth economic landing has not been fully accomplished, and we are determined to complete this task.