【Federal Reserve's Daly: Labor market is slowing, tariffs only have short-term effects, Federal Reserve will soon cut interest rates】Golden Finance reports that Daly, President of the San Francisco Federal Reserve, stated on Wednesday that considering the slowdown in the labor market and her assessment that tariffs pose only a short-term threat to inflation, she believes the Federal Reserve will soon need to cut interest rates. "Without tariffs, inflation has been gradually declining, and as the economy slows and monetary policy remains restrictive, inflation should continue to decline." She added that while tariffs will push up inflation in the short term, they are unlikely to have a lasting impact. Meanwhile, the labor market has already weakened. "I think further slowing would be concerning; once the labor market wavers, it tends to slide quickly and severely. All of this means that we are likely to need to adjust policy in the coming months."