San Francisco Fed President Mary Daly Talks Rate Cuts

Mary Daly, the President of the Federal Reserve Bank of San Francisco, believes it's time for the US central bank to consider cutting interest rates. She discusses recent economic signals and the confidence in achieving a 2% inflation target while balancing employment stability. Daly emphasizes the need for careful monetary policy adjustments and addresses the implications of the Som rule on labor market data. With a positive outlook on job availability, she also touches on the upcoming framework review for economic policies.