San Francisco Fed President Mary Daly said she’s in a “watch-and-see position right now” regarding further interest-rate cut. In inflation data comes in “more robust, that would be confidence-generating for me”. However, if data is soft, “that would be something I would want to consider.”
Though she also noted that “right now, with little inflationary pressure and considerable uncertainty about the threshold for full employment, I’m biased towards including as many workers as possible in the expansion.”
