Reported about 1 month ago
San Francisco Fed President Mary Daly emphasized the need for interest rate cuts to maintain a healthy labor market, cautioning against overly tight policies that could exacerbate economic slowdowns. She noted that while the job market has softened, it remains balanced, with wage growth outpacing inflation. With the Fed expected to discuss potential cuts at its upcoming meeting, Daly highlighted the importance of forthcoming economic reports to guide their decisions.
Source: YAHOO