Fed’s Daly Sees One or Two More Quarter-Point Cuts This Year
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Federal Reserve Bank of San Francisco President Mary Daly said she expects the US central bank will continue lowering interest rates this year in an effort to protect the labor market.
“I think that two more cuts this year, or one more cut this year, really spans the range of what is likely in my mind, given my projection for the economy,” Daly said Wednesday in a moderated discussion at Boise State University in Idaho, referring to one or two quarter-point reductions.