Reported about 3 hours ago
Mary Daly, President of the Federal Reserve Bank of San Francisco, stated that recent rate cuts are part of an effective monetary policy that continues to work toward reducing inflation. Despite the half percentage point drop in the federal funds rate, Daly emphasized that the policy remains restrictive, aiding efforts to achieve the 2% inflation target. She highlighted improvements in the economy and job market while urging a cautious approach to future monetary adjustments.
Source: YAHOO