Federal Reserve Bank of San Francisco President Mary Daly comments reported via Reuters:
Comfortable with Fed’s July decision, less comfortable in making that same decision again and againTwo rate cuts this year still seem to be appropriate amount of recalibrationMay do fewer than two rate cuts; more likely thing is we need to do moreEvery meeting going forward is ‘live’ for thinking about policy adjustmentsOn July Fed decision, I was willing to wait another cycle, but can’t wait foreverStill a lot of uncertainty over whether Sept rate cut would be appropriateJob market not precariously weak, but it is softening and further softening would be unwelcomeSeeing no indication of persistent tariff effect on inflationCan’t wait to be certain there is no inflation persistence, need to make a call based on what’sDaly leaning a little more dovish with these remarks. Daly noted that a September rate cut is not a lock yet, indeed "Still a lot of uncertainty over whether Sept rate cut would be appropriate" but the comments as a whole suggest she'll be sooner rather than later.
Over the weekend I posted remarks from NY Fed Head Willaims that I have not seen much on at all. Make sure you are aware of them:
Fed's Williams say's he'll have "very much an open mind" on September meeting rate cutWeekend Fed Williams - "very much an open mind" on September rate cut. I have comments! This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about fed s daly says two fomc rate cuts in 2025 seem appropriate was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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