Federal Reserve's Daly: Further rate cuts possible but should proceed with caution.

Zhitong Financial APP learned that Mary Daly, President of the Federal Reserve Bank of San Francisco, said that it may be necessary to further reduce interest rates, but the Federal Reserve should proceed with caution when taking such measures. Daly said on Wednesday, "Further policy adjustments may be necessary in the process of striving to restore price stability while providing necessary support to the labor market. But these are just forecasts, not commitments. To make the right decision, we need to clarify our goals, weigh the pros and cons, and make choices repeatedly."