Federal Reserve President Mary Daly has indicated her support for a potential interest rate cut in December, emphasizing a shift in focus from inflation control to labor market stability. Daly highlighted the increasing risk of job losses as a more pressing concern than inflation, suggesting a strategic adjustment in the central bank's monetary policy. This move aims to safeguard employment levels while still considering price stability, with market responses and economic indicators being closely monitored ahead of the decision.
Fed's Mary Daly Advocates December Rate Cut to Support Employment
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