Fed’s Daly: Jumbo rate cut next month doesn’t seem warranted

In a Wall Street Journal (WSJ) interview on Thursday, San Francisco Federal Reserve (Fed) President Mary Daly said, “a jumbo rate cut next month doesn’t seem warranted.”

Additional quotes

“Pushes back against need for an interest-rate cut of a half percentage point, or 50 basis points.”

"Policy is likely to be too restrictive for where the economy is headed. So for me, that calls for recalibration.”

“Favor moving gradually to a more neutral setting "over the next year or so."