| Subscribe To Our Free Newsletter |
Fed needs to continue to cut rates, Daly says
San Francisco Fed President Mary Daly affirmed that the U.S. central bank is expected to persist in cutting interest rates, currently at 4.75%-5%, aiming for a 'soft landing' with 2% inflation and a healthy labor market. She emphasized the importance of easing the policy rate to avoid excessive tightness that could harm employment.
