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Fed's Daly says time is nearing for rate cuts, may need more than two

Summary by Reuters
San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market is softening and no signs of persistent tariff-driven inflation, the time is nearing for interest rate cuts.

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“Of course we can also do less than two [cuts this year] if inflation increases and spreads or the labour market recovers,” said the president of the district of São Francisco, Mary Daly

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The Mighty 790 KFGO broke the news in on Monday, August 4, 2025.
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