2025-11-03 17:18:00
San Francisco Fed Pres. Mary Daly is speaking and says that she:
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Supported rate cut
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Rate cut was appropriate
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Still have inflation above target, need to get it down
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Labor market has softened quite a bit
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Need to keep policy modestly restrictive
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Open mind on December
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50 bps of cuts this year makes Fed better-positioned
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Need to make decision that balances risks
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Not a more divided Fed than before
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Wouldn’t even use the word ‘divided’
This article was written by Greg Michalowski at investinglive.com.
