Fed's Daly: Labor market not weak, time to "cautiously" adjust interest rates
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San Francisco Fed President Daly stated that recent economic data has strengthened her confidence in inflation control, and mentioned that it is time to cautiously adjust interest rates in the range of 5.25-5.5%. She emphasized that the labor market is not weak, called for a gradual rate cut, and warned about the importance of preventing a sluggish job market. Furthermore, she believes that overly tightening monetary policy may result in price stability but an unstable labor market. Daly's remarks are in line with Atlanta Fed President Bostic's views, reminding to handle the ongoing economic slowdown with caution
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