Daly, chairperson of the San Francisco Federal Reserve Bank of the 2024 FOMC voting committee, said in a speech that the Federal Reserve's mission and risks are being balanced, and it is open to cutting interest rates at its upcoming (September) meeting. Mr. Daly said: "The underlying numbers in the July jobs report provide some reason for confidence that we are slowing, but not collapsing. I don't think the weakness in the labour market will intensify now and will be watching closely to see if ...