Reported about 22 hours ago
Mary Daly, President of the San Francisco Fed, indicated that while the Federal Reserve might maintain interest rates longer than expected due to heightened inflation risks, there remains a possibility of rate cuts later this year. Daly reassured that inflation is gradually decreasing and that any adjustments in policy will be made thoughtfully over time, without urgency. She also conveyed confidence in the Fed's forecast of potential quarter-point rate cuts if inflation declines, emphasizing a stable economic outlook.
Source: YAHOO