According to TechFlow, on October 15, Mary Daly, a voting member of the Federal Reserve's 2024 FOMC and President of the San Francisco Fed, said at an event at the New York University Stern School of Business that the U.S. economy is in better shape, inflation has eased significantly, and the labor market is close to pre-pandemic levels.

Daly pointed out that the Fed must achieve its 2% inflation target while maintaining full employment. She believes that the September rate cut is a moderate adjustment, but progress towards the target is uncertain. The labor market is no longer the main source of inflation, and data show that the public expects inflation to ease further. She emphasized that the Fed's monetary policy is still restrictive and is working hard to reduce inflation.