Fed's Daly says she supported October rate cut, open minded on December

Nov 3 (Reuters) - San Francisco Federal Reserve President Mary Daly on Monday said she supported the interest-rate cut last week, and will want to sift through the data that comes in before the Fed's next meeting to assess if another cut next month is warranted.

"I thought it was appropriate to take another bit off the policy rate," she said at the Forum Club of the Palm Beaches in Florida, noting that the economy has been resilient, and that while inflation is running above the Fed's 2% target, the labor market has also softened. As for the December decision, the Fed will need to balance risks to its two goals, she said, adding she will "keep an open mind."