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Axios
Axios

The San Francisco Fed president's case for more rate cuts

San Francisco Federal Reserve president Mary Daly sees good reason for the Fed to move forward with more interest rate cuts in the months ahead, which she believes will shield workers from "unnecessary hardship."

Why it matters: With the economy experiencing an unusual combination of robust GDP growth, weak job creation and elevated inflation, Fed officials face a delicate balancing act in deciding the path of interest rate policy.


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