Fed President Mary Daly says more rate cuts may be needed to protect the labor market
San Francisco Fed President Mary Daly suggests further interest rate cuts may be needed to support a fragile labor market. She sees job risks as a priority.
San Francisco Federal Reserve President Mary Daly mary daly stated on February 6, 2026, that one or two more interest rate cuts may be needed to counteract vulnerabilities in the United States 
US labor market. Her remarks signal a potential shift toward monetary easing as the Federal Reserve balances labor-market risks against the continued goal of inflation control across the United States US.
US labor market. Her remarks signal a potential shift toward monetary easing as the Federal Reserve balances labor-market risks against the continued goal of inflation control across the United States US.The comments from Mary Daly mary daly come immediately after the United States US central bank's policy committee (the FOMC) voted to leave its benchmark interest rate unchanged. While the committee opted for stability in its most recent meeting, inflation remains above the Federal Reserve target of 2 percent, leaving officials to weigh the timing of future adjustments while monitoring economic conditions.
US central bank's policy committee (the FOMC) voted to leave its benchmark interest rate unchanged. While the committee opted for stability in its most recent meeting, inflation remains above the Federal Reserve target of 2 percent, leaving officials to weigh the timing of future adjustments while monitoring economic conditions.
