Reported about 2 months ago
Mary Daly, President of the San Francisco Federal Reserve Bank, suggested in a Financial Times interview that it may be time to review the current borrowing costs of 5.25% to 5.5%. She emphasized a gradual approach to adjustments and noted that while the labor market is slowing, it is not weak. Daly expressed confidence that inflation is moving towards the Fed's 2% target, and she highlighted the need to avoid a downturn in the labor market.
Source: YAHOO