Fed's Daly: Policymakers need to keep an open mind about further rate cuts

BlockBeatsNov 10, 2025
#Macro
On November 10th, San Francisco Fed President Daly said on Monday that the slowdown in US job growth is more likely due to a weakening demand for workers, rather than a decrease in labor supply due to tighter immigration policies. This is an important distinction for the Federal Reserve's debate on whether to further cut interest rates. In a newly published article, Daly mentioned that the slowdown in wage growth means that the decrease in monthly new jobs indicates that companies need fewer workers, not just because companies are finding it difficult to find new employees after the Trump administration tightened immigration policies.

Daly did not explicitly state in the article whether she favors another rate cut at the Fed's December meeting, only stating that "making the right policy requires keeping an open mind and digging deep into the evidence on both sides of the debate."

[BlockBeats]

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Fed's Daly: Policymakers need to keep an open mind about further rate cuts

BlockBeatsNov 10, 2025
#Macro
On November 10th, San Francisco Fed President Daly said on Monday that the slowdown in US job growth is more likely due to a weakening demand for workers, rather than a decrease in labor supply due to tighter immigration policies. This is an important distinction for the Federal Reserve's debate on whether to further cut interest rates. In a newly published article, Daly mentioned that the slowdown in wage growth means that the decrease in monthly new jobs indicates that companies need fewer workers, not just because companies are finding it difficult to find new employees after the Trump administration tightened immigration policies.

Daly did not explicitly state in the article whether she favors another rate cut at the Fed's December meeting, only stating that "making the right policy requires keeping an open mind and digging deep into the evidence on both sides of the debate."

[BlockBeats]

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