Fed's Daly: It is more appropriate to cut interest rates in the fall before the labor market is weak, and the economic fundamentals are moving towards interest rate cutsChainCatcher News, according to Jin Shi, Fed official Daly said that unless we see weakness in the labor market, it seems more appropriate to cut interest rates in the fall. He noted that economic fundamentals are moving in the direction that interest rate cuts may be needed, and company CEOs are cautiously optimistic about tariffs, while other possible tariff measures may not have as much of an impact on inflation. Daly stressed that there is still a need to continue to monitor policy developments going forward, and if there are no tariff measures, interest rate normalization will be considered. He also mentioned that the continued decline in inflation is good news, and that concerns about the impact of tariffs on inflation are not as severe as they were when they were first announced, and that so far the economy is in good shape, as is the policy, and the situation remains balanced.