San Francisco Fed President Anticipates Potential Rate Cuts Amid Tariff Impact

According to Odaily, San Francisco Federal Reserve President Mary Daly has expressed her belief that there may be two interest rate cuts this year. She noted that the impact of tariffs on prices is becoming milder than initially expected. Daly revealed that some businesses are negotiating to share the tariff costs, thereby reducing the burden on end consumers. Daly stated that the U.S. economy is in good condition, with economic growth and consumer spending slowing but not weakening. Inflation is moving towards the Federal Reserve's 2% target. "I think there could be two rate cuts, but everyone's expectations are uncertain, considering implementing rate cuts in the fall," Daly remarked.