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Fed's Daley: No sense of urgency to cut interest rates
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2024-12-05 10:02 1,080
Golden Finance reported that 2024 FOMC voting committee member and San Francisco Fed President Mary Daly said in an interview with the PBS “News Hour” program on Wednesday: “We don’t need to have a sense of urgency. "There's no sense of urgency, but we do need to continue to carefully adjust our policy to make sure it's consistent with the economy we have today and the economy we expect in the future." Policymakers will discuss the best course of action at the Fed's Dec. 17-18 meeting in Washington, she added. Daly, one of the rate setters at this year's Federal Open Market Committee (FOMC), did not say whether she would support a rate cut at the next meeting.
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