San Francisco Federal Reserve Bank President Daly said on Monday that she believes that policy adjustments will be necessary in the coming quarter given progress on inflation and a clear slowdown in hiring. She added that the extent and timing of the cuts will depend a lot on the incoming information.
The official also reiterated that the Fed's policymakers will do what it takes to ensure achieving both the central bank's goals - price stability and full employment.
In addition, Daly stressed that the Fed officials will make policy adjustments as the economy delivers the data.