ChainCatcher news, according to Jinshi, San Francisco Fed President Daly said on Friday that the Fed's 25 basis point rate cut this week was a "tough decision" and she agreed with Fed Chairman Powell that caution is needed in future policy adjustments.

"For me, the most important thing is that we need to readjust our policy. I think it was a very difficult decision to make this time. Now I feel that we have passed the recalibration stage and entered the next stage, when we will really pay attention to the information we receive."