Federal Reserve's Daly: It was a tough decision to make a rate cut this week

ChainCatcher news, according to Jinshi, San Francisco Fed President Daly stated on Friday that the decision to cut interest rates by 25 basis points again this week was a "difficult decision," and she agrees with Fed Chairman Powell's view that caution is needed in future policy adjustments.

"For me, the most important thing is that we need to recalibrate our policy. I think making this decision was very difficult. Now I feel that we have moved past the recalibration phase and entered the next phase, where we will truly focus on the information received."