CoinVoice has learned that, according to Mary Daly, the president of the Federal Reserve Bank of San Francisco, given the increasing evidence that the labor market is weakening and no signs of persistent tariff inflation, the timing for interest rate cuts is approaching. Daly stated regarding the Federal Reserve's decision last week, "I am willing to wait another cycle, but I cannot wait forever." While this does not mean that a rate cut in September is a foregone conclusion, she said, "I would tend to think that every meeting going forward is an opportunity to consider policy adjustments." Daly noted that two cuts of 25 basis points each this year still seem to be an appropriate recalibration, and the important question is whether cuts will occur in both September and December, rather than whether cuts will happen at all. Daly said, "If inflation rises and spreads, or the labor market heats up, then there could certainly be less than two cuts, but it is more likely that more than two cuts will be necessary. If the labor market looks to be entering a weakening phase and we do not see the effects of inflation spilling over, we should be prepared for more cuts." [Original link]