Fed's Daly says a rate cut in the fall could be appropriate
Tweet
Share
E-mail
FILE PHOTO: Mary Daly, President of Federal Reserve Bank of San Francisco, attends an Oakland Rotary meeting in Oakland, California, U.S., May 29, 2025. REUTERS/Ann Saphir/File photo
(Reuters) -The fundamentals of the U.S. economy are moving to where an interest rate cut may be necessary, San Francisco Federal Reserve Bank President Mary Daly said on Friday, though she signaled a July rate cut would probably be too early.
"Unless we saw a faltering in the labor market that was meaningful and we thought it would be persistent then I would say the fall looks more appropriate to me," Daly said in an interview on CNBC.
At the same time, she said, what is a current softening of the labor market could easily turn into a weakening, "and we can't allow for that to happen because we're waiting for inflation to pop up just around the corner."
(Reporting by Ann Saphir; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Russia designates independent Mediazona news outlet as 'foreign agent'
- Wall St opens higher but weekly losses loom
- Nvidia invests in data center developer Cloverleaf Infrastructure
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
