Mr. Daly said weakness in the labour market and inflation "well below" previously feared justified last month's US rate cut and prompted the central bank to signal more rate cuts were possible in the future.
"The economy is slowing down a little bit," Ms Daly said at an event at the Silicon Valley boardroom. "Consumers are using up all the excess savings they might have, and they've been dealing with higher price levels. In addition, we have restrictive monetary policy." She concluded: "We are now at a critical point where if we don't manage risk, the weakness in the labour market looks likely to be more worrying." (Kim Ten)
Fed Daly: Weak labor market and slowing inflation justify Fed rate cuts
2025-10-10 02:09:16
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