Fed Reserve Bank President Daly Foresees Rate Cuts for 2024

Federal Reserve Bank of San Francisco President Mary Daly indicated that three interest-rate cuts remain a reasonable expectation for 2024. Daly, who holds voting power on monetary policy decisions for this year, conveyed this view during an event in Nevada. She emphasized that there is currently no urgency to adjust the rate, citing the robust growth. Despite the favorable economic conditions, Daly's forecast for three rate cuts in 2024 remains unchanged, reflecting cautious optimism for the future economic landscape.