Back to today’s briefing

Story perspectives

Fed's Daly: Balanced Risks Amid Rate Cuts and Inflation

11/14/2025

36 3

Summary

Story summary

Mary Daly, president of the Federal Reserve Bank of San Francisco, said November 13 in Dublin that risks to the Federal Reserve's goals are balanced.
The Federal Reserve has cut interest rates twice this year, and Daly says this has supported the labor market.
Inflation has run below projections, but rising services inflation could influence future decisions, and Daly does not vote on rates until 2027.

1 of 1

Story summary

Mary Daly, president of the Federal Reserve Bank of San Francisco, said November 13 in Dublin that risks to the Federal Reserve's goals are balanced.
The Federal Reserve has cut interest rates twice this year, and Daly says this has supported the labor market.
Inflation has run below projections, but rising services inflation could influence future decisions, and Daly does not vote on rates until 2027.