Federal Reserve Bank of San Francisco President Mary Daly said she expected the US central bank would continue cutting interest rates to guard against further weakening in the labor market.
“So far, I haven’t seen any information that would suggest we wouldn’t continue to reduce the interest rate.” Daly said Monday at the Wall Street Journal’s TechLive conference in Laguna Beach, California. “This is a very tight interest rate for an economy that already is on a path to 2% inflation, and I don’t want to see the labor market go further.”
Source: Bloomberg
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