Fed’s Daly Agrees With Powell View That It’s Time to Cut Rates
- Daly says central bank remains committed to 2% inflation goal
- SF Fed chief says officials should avoid harming labor market
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Federal Reserve Bank of San Francisco President Mary Daly said she believes it’s appropriate for the US central bank to begin cutting interest rates.
“The time to adjust policy is upon us,” Daly said Monday in an interview with Bloomberg Television’s Michael McKee.