San Francisco Federal Reserve President Mary Daly downplayed the significance of a potential interest rate cut in July or September. When questioned about the timing, she stated, "That's the wrong question. It doesn't matter whether the rate cut is in July or September." Daly's remarks suggest the Fed is prioritizing a long-term perspective on interest rate policy. The central bank is likely more focused on ensuring sustained economic stability than reacting to short-term data fluctuations. She indicated that interest rates are expected to eventually settle at a level of 3% or higher, implying that current rates are still considered restrictive. This suggests a gradual and measured approach to future rate adjustments, independent of a specific month's decision. ```