Fed's Daly says rate cut next month doesn't seem warranted, WSJ reports
ReutersAug 14, 2025 9:08 AM
Aug 14 (Reuters) - San Francisco Fed President Mary Daly has pushed back against the need for an interest rate cut of 50 basis points at the Federal Reserve's September meeting, the Wall Street Journal reported on Thursday.
"Fifty sounds, to me, like we see an urgent — I'm worried it would send off an urgency signal that I don't feel about the strength of the labor market," Daly said in an interview with the Journal on Wednesday. "I just don't see that. I don't see the need to catch up."
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