San Francisco Fed President Daly Supports Interest Rate Cuts
Mary Daly of the Federal Reserve Bank of San Francisco stated that lowering interest rates is the most appropriate policy move at this time.
Summary
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Terms & Concepts
Interest Rate Cuts: A monetary policy action where a central bank lowers benchmark interest rates to stimulate economic activity.
Federal Reserve Bank of San Francisco: One of twelve regional banks in the U.S. Federal Reserve System responsible for implementing monetary policy in its district.