Reported 1 day ago
Mary Daly, President of the Federal Reserve Bank of San Francisco, indicated that the time for potential interest rate cuts is approaching, although no specific timeline was given. She believes two rate cuts could be likely, especially with current economic conditions being solid, including growth and a recovering labor market. Daly also pointed out that the impact of tariffs on inflation may not be as severe as previously feared and emphasized the need for the Fed to adapt its policies rather than wait indefinitely for inflation to rise.
Source: YAHOO