Fed's Daly Agrees with Powell: It's Time to Cut Rates

The President of the San Francisco Federal Reserve Bank, Mary Daly, has endorsed the views of Fed Chair Jerome Powell regarding the necessity for an urgent adjustment in monetary policy, including potential rate cuts in the near future. In a recent discussion, Daly pointed out that economic conditions, current inflation data, and market trends make rate adjustments timely. This stance has highlighted growing concerns among Fed officials regarding the need to support the economy amid declining inflation and slowing growth.

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