SF Fed’s Daly Says Dec. Rate Cut Was Justified

SF Fed’s Daly Says December Rate Cut Was Justified
A quarter-point cut this month was the right move to avoid an overly hawkish stance that would threaten a serious economic slowdown, according to San Francisco Fed President Mary Daly.
Fed's Daly 'Very Comfortable' With Two 2025 Rate Cuts
Federal Reserve Bank of San Francisco President Mary Daly said she is "very comfortable" with policymakers' median projection of two interest-rate cuts in 2025. Daly added, "my projection is that it will take many fewer rate cuts next year than we thought but I'll watch the economy and see if that works out.
What SF Fed pres. Mary Daly will be looking at for January meeting
With the new year approaching and a new Trump administration to take office, the Federal Reserve's January policy meeting is already a key topic of discussion. Federal Reserve Bank of San Francisco CEO and president Mary Daly joins Yahoo Finance executive editor Brian Sozzi on Opening Bid to discuss the Fed's goals and what to expect from the meeting: "We want to make sure inflation continues to come down and that the labor market doesn't falter.
SF Fed's Daly says December rate cut was a 'close call'
San Francisco Federal Reserve Bank President Mary Daly said Friday the U.S. central bank's quarter-point interest-rate cut earlier this week was a "close call," expressing her agreement with Chair Jerome Powell that a cautious approach to future policy adjustments is now necessary.
The Fed Is Unlikely To Cut Interest Rates In January Due To Inflation
The Federal Reserve cut interest rates by 0.25% on December 18 but an interest rate cut is unlikely when the Fed issues its next policy decision on January 29.
Federal reserve issues final rate cut of 2024, what's next?
The U.S. Federal Reserve has issued their final rate cut of 2024, saying that what happens next year will depend on the actions and policies of the incoming Trump administration. Some at the reserve has signaled that the rate cuts will slow down as business leaders say inflation is not coming down enough.
Fed's Daly says this week's rate cut was 'close call'
San Francisco Federal Reserve Bank President Mary Daly on Friday said the decision by the U.S. central bank to lower interest rates on Wednesday by another quarter percentage point was a "close call," adding she agreed with Chair Jerome Powell that caution is now warranted toward further policy adjustments.
Fed’s Daly Reveals Her Bullishness for AI-Driven Productivity
Mary Daly was a young economist at the Federal Reserve Bank of San Francisco in the late 1990s when she helped then-Chair ...
San Francisco Fed president Mary Daly: We want to finish the inflation fight
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. The market is ...