San Francisco Fed President Daly Hints at Possible Rate Cut in Fall

According to BlockBeats, San Francisco Federal Reserve President Mary Daly, who will be a voting member of the Federal Open Market Committee (FOMC) in 2027, indicated that waiting for perfect conditions before cutting interest rates is not feasible. Daly mentioned that with more information, a rate cut might occur in the fall. She emphasized her desire to prevent the U.S. job market from weakening further, noting that both the U.S. economy and FOMC monetary policy are currently in good condition.