🔥 Important forecasts from the US Federal Reserve regarding interest rate cuts

🔥 Mary Daly, President of the Federal Reserve Bank of San Francisco, stated that policymakers will be ready to cut interest rates soon, adding that inflation caused by tariffs is likely to be temporary.

🔥 She wrote on Friday in a short post on social media shared by the Federal Reserve Bank of San Francisco: "The time will soon come to change monetary policy to better suit our economy." She confirmed that price increases associated with tariffs "will be one-time."

🔥 She added: "It will take some time before we know that for sure, but we cannot wait for complete certainty without risking harm to the labor market."