Fed’s Daly Warns It Would Be ‘Premature’ to Think Rate Cuts Are Around the Corner on Fox Business, January 19, 2024

In an interview with Correspondent Edward Lawrence and Host Charles Payne, President Daly said it’s premature to think interest-rate cuts are around the corner. “We need to see more evidence that inflation is heading back down to 2% consistently and sustainably for me to feel confident enough to start adjusting the policy rate,” she added.

The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.