Reported about 2 months ago
Mary Daly, President of the Federal Reserve Bank of San Francisco, has expressed her belief that it is time for the US central bank to begin cutting interest rates, following similar sentiments from Fed Chair Jerome Powell. During an interview, Daly emphasized the need to prevent restrictive monetary policy from negatively impacting the labor market as inflation returns to the target level. She indicated that while the Fed's rates are currently high, adjustments are necessary to avoid over-tightening, noting the importance of monitoring economic indicators amid a rising unemployment rate.
Source: YAHOO