Federal Reserve's Daly: Decision to Cut Rates This Week Was Very Difficult

BlockBeats News, December 20, San Francisco Fed President Daly said on Friday that the Fed’s decision to cut interest rates by 25 basis points again this week was a "tough call." She agreed with Fed Chair Powell that future policy adjustments will need to proceed cautiously. "For me, the most important thing is that we need to recalibrate policy. I think making this decision was very difficult. Now I feel that we have gone through the recalibration phase and entered the next phase, where we will truly focus on the information we receive." (FXStreet)