SF Fed President Mary Daly
We last heard from Daly on August 18 when she said:
- Calls for "prudent" approach to lowering rates
- Pushed back on concerns of sharp economic slowdown
- Recent data gives "more confidence" inflation is under control
- No need for dramatic response to weakening labor market
I'll be curious if that 'prudent' language or something similar remains as it was notably absent from Powell's speech.