Mary Daly, the President of the San Francisco Federal Reserve, expressed her support for a cautious approach to interest rate cuts, in a recent interview. This comes amid mounting confidence in inflation control. What Happened: Daly, a voting member of the Federal Open Market Committee, has suggested that the U.S. economy is not yet in a position to warrant rapid interest rate cuts. She emphasized the need for a gradual approach to adjusting borrowing costs, reported the Financial Times on Sunday. She stated that it’s time to consider adjusting borrowing costs from their current range of 5.25%…
