Federal Reserve Bank of San Francisco President Mary Daly said on Friday that two interest rate cuts by the Fed remain reasonable for 2025.
The official also emphasised that she believes the monetary policy is in a good place and that the U.S. central bank must remain patient, adding that policymakers can wait to lower rates until they evaluate how businesses will adjust to tariff costs.
Daly noted that the U.S. labour market is solid, the economy continues to grow, and inflation is gradually declining. Daly