Fed’s Daly Signals Openness to Interest-Rate Cut in September
The article discusses comments made by Mary Daly, the President of the Federal Reserve Bank of San Francisco, regarding the possibility of interest rate cuts in September. Daly signaled an openness to lowering interest rates, suggesting that policymakers will be ready to do so in the near future. She also indicated that the inflation stemming from tariffs is likely to be temporary, implying that the central bank may view these inflationary pressures as transitory. The article highlights Daly's view that the Fed will be prepared to cut interest rates, potentially in September, as a means of supporting the economy and addressing any concerns about the impact of trade-related inflation. The article provides a concise summary of Daly's comments, focusing on the key points regarding the potential interest rate cut and the Fed's assessment of the inflation caused by tariffs.
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