Reported about 1 month ago
Mary Daly, President of the San Francisco Federal Reserve, has indicated that the Federal Reserve will likely keep cutting interest rates to prevent further weakening of the labor market. Speaking at a conference, she mentioned that current interest rates are tight for an economy aiming for a 2% inflation rate. Despite stronger hiring data recently, she emphasized that there has been no indication to halt the reduction of rates, though future cuts may proceed more gradually.
Source: YAHOO