Federal Reserve's Daly: A 50 basis point rate cut this year would put the Fed in a more favorable position; policymakers should remain open-minded about the December rate decision.

Jinse Finance reported that Federal Reserve's Daly stated that she previously supported rate cuts, and that rate cuts are appropriate; a 50 basis point rate cut this year would put the Federal Reserve in a more favorable position, and policymakers should remain open-minded regarding the December rate decision; inflation remains above target and needs to be brought down; the labor market has clearly slowed.