TechFlow reported that on October 15, according to Jinshi Data, Mary Daly, a 2024 FOMC voting member and president of the San Francisco Fed, spoke at an event hosted by the New York University Stern School of Business. Daly said that the U.S. economy is in a better state, inflation has eased significantly, and the labor market has cooled to near normal levels before the pandemic. Although the economy is likely to continue to expand, the Fed still needs to remain vigilant.

Daly noted that the Fed must achieve its 2% inflation target while maintaining full employment in the job market. Daly believes that the September rate cut is a modest monetary policy adjustment, but continued progress on the Fed's goals is uncertain. Regarding inflation, Daly said that the labor market is no longer the main source of inflation, and data show that the public expects inflation to ease further over time. She emphasized that the Fed's monetary policy is still restrictive and is working to reduce inflation.