Fed's Daly: It will be a difficult decision to cut interest rates this week

San Francisco Fed President Mary Daly said on Friday that the Fed's decision to cut interest rates by another 25 basis points this week was a "tough decision" and she agreed with Fed Chairman Powell that caution is needed in future policy adjustments. "The most important thing for me is that we need to recalibrate policy. I think it was a very difficult decision to make. Now I feel that we have passed the recalibration stage and entered the next stage, when we will really pay attention to the information we receive." (Jinshi)