Fed’s Daly: No case for 50bps urgent cut, dismisses ‘catch-up’ argument

San Francisco Fed President Mary Daly pushed back against the idea of a 50bps rate cut at the September FOMC meeting, a move strongly advocated earlier this week by Treasury Secretary Scott Bessent. In a Wall Street Journal interview, Daly said such a large cut would send an “urgency signal” that doesn’t match her view […]

The post Fed’s Daly: No case for 50bps urgent cut, dismisses ‘catch-up’ argument appeared first on Action Forex.