Reported about 2 months ago
Mary Daly, President of the Federal Reserve Bank of San Francisco, indicated that a reduction in interest rates is imminent, likely starting with a quarter-percentage point cut during the upcoming policy meeting on September 17-18. She emphasized the gradual slowdown of inflation and steady job growth as key factors supporting this decision, noted that maintaining excessively high rates could harm the economy, and echoed Fed Chair Jerome Powell’s sentiments that it’s time to adjust rates downward.
Source: YAHOO