WSJ Exclusive, “Fed Official Says Rate Cuts Could Be Needed Next Year to Prevent Overtightening,” December 18, 2023

”There is more work to do, and at this point, that work includes not only focusing on bringing inflation down to 2% but also recognizing that we want to continue to do this gently, with as few disruptions to the labor market as possible,” she stressed with chief economics correspondent Nick Timiraos.

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.