Federal Reserve's Daly: Policymakers need to remain open to further rate cuts

San Francisco Federal Reserve President Mary Daly said on Monday that the slowdown in U.S. job growth is more likely due to weakening demand for workers than a decline in labor supply caused by tighter immigration policies. This is a key distinction in the Fed's debate over whether to cut interest rates further. Daly did not explicitly state in her article whether she favored another rate cut at the Fed's December meeting. (Jinshi)