San Francisco Fed President Mary Daly said the cuts to cut interest rates this fall look more appropriate than policymakers moving when they gather in July.
“For me, I’m watching the fall more,” Daly said in an interview with CNBC on Friday. “By then, we’ll get more information and businesses tell me that’s what they’re going to solve.”
Daly said recent inflation data have been unexpectedly tamed for three consecutive months – “really good news”, but warned not to move too quickly.
“I’m not going to be ahead of the way. I really want to balance the two goals we’ve achieved,” she said.
Earlier on Friday, Fed Governor Christopher Waller said he believes central banks could lower interest rates as early as July. The next Fed’s meeting is scheduled to be held from July 29 to 30.