Fed's Daly backs December rate cut, citing labor market, WSJ reports

Nov 24 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly supports lowering interest rates at the central bank's meeting next month as she sees a deterioration in the job market, she told the Wall Street Journal in an interview published on Monday.

"On the labor market, I don't feel as confident we can get ahead of it," she told the Journal. An inflation breakout, by contrast, is a lower risk given how tariff-driven cost increases have been more muted than anticipated earlier this year, she added, the newspaper reported.