Daly: Further rate cuts may be needed in the future to support the economy

ChainCatcher news, according to Jinshi reports, San Francisco Fed President Daly stated that she "fully supports" the Federal Reserve's decision to cut interest rates last week and mentioned that further rate cuts may be needed in the future. She pointed out that economic growth, consumer spending, and the labor market are slowing, while inflation is rising less than expected, mainly concentrated in industries affected by tariffs. Daly emphasized that economic risks have shifted, and further policy adjustments may be necessary to restore price stability and support the labor market.