The Federal Reserve (FED) Daly: The FOMC may cut interest rates in the fall.

On June 21, Mary Daly, President of the Federal Reserve Bank of San Francisco, a 2027 FOMC voting member, stated, “On the issue of interest rate cuts, we cannot wait until all the fundamental conditions are met to take action. Personally, having more information may lead to a rate cut in the fall. I do not want the U.S. job market to evolve from showing softness to showing weakness. So far, the U.S. economy and FOMC monetary policy are in good shape.”