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2025-12-13 05:33:29
San Francisco Federal Reserve Bank President Mary Daly said that the Fed's decision to cut interest rates this week was not easy, but she ultimately supported the move. In a LinkedIn post, she stated that "real wage growth stems from a long-term, stable economic expansion, which is still in its relatively early stages." She also pointed out that the Fed must continue to keep inflation at its 2% target level while carefully protecting the labor market, emphasizing that "overly tight policies could cause unnecessary harm to American households, leaving them facing both inflation above target and a weak labor market."
