Fed’s Daly Urges Caution on Rate Cuts Amid Political Pressures
San Francisco Fed President Mary Daly struck a measured tone on potential interest rate reductions, emphasizing data-dependent deliberation over market expectations. The central banker's comments come as traders increasingly price in 2024 easing cycles.
Political tensions simmer beneath the surface, with former President Trump's public critiques of Fed policy casting a long shadow over monetary independence. Daly's insistence on methodical evaluation suggests resistance to external pressures.