Fed’s Daly Says She’s ‘Very Comfortable’ With Two 2025 Rate Cuts
- Says data, not Trump’s proposed policies, guided her forecasts
- Policy to be gradual in new phase with focus on incoming data
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Federal Reserve Bank of San Francisco President Mary Daly said she is “very comfortable” with policymakers’ median projection of two interest-rate cuts next year, emphasizing the central bank can turn to a slower approach.
“My projection is that it will take many fewer rate cuts next year than we thought but I’ll watch the economy and see if that works out,” Daly said Friday in an interview on Bloomberg Television.