Federal Reserve Official Suggests Potential Rate Cuts Amid Economic Shifts

According to BlockBeats, San Francisco Federal Reserve President Mary Daly, a voting member of the 2027 FOMC, indicated in an interview that she is prepared to begin easing monetary policy as early as next month. This comes after economic reports showed stronger-than-expected retail sales last month and an unexpected rise in wholesale prices. Daly noted that while the job market is softening and the economy is slowing, it is not doing so at a sluggish pace. She emphasized that, given inflation remains above the Federal Reserve's target, there is justification for several rate cuts this year. Daly stated, "We will wait for more data, perhaps cutting rates less or more, but ultimately, I believe cutting rates twice this year is still a good forecast. What I don't want to do is worry excessively about inflation possibly rising again or persisting, to the point where we delay action and fail to support the labor market."