FED Official Daly: We Don’t Want to Undermine the Labor Market Unnecessarily

**FED Official Daly: We Do Not Want to Unduly Weaken the Labor Market**

FED official Daly has stated that they do not wish to unnecessarily weaken the labor market, emphasizing that the restrictive policy will continue but they do not want to overdo it. She added that the policy interest rate is quite restrictive and they will remain data-driven. Daly also mentioned that it is still too early to determine the extent of interest rate cuts. #FED