Exclusive: Fed's Daly says time is nearing for rate cuts, may need more than two San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market is softening and no signs of persistent tariff-driven inflation, the time is nearing for interest rate cuts.

SF Fed’s Daly was willing to leave rates on hold in July but she’s increasingly uncomfortable about continuing to do so. More here Exclusive: Fed's Daly says time is nearing for rate cuts, may need more than two - www.reuters.com/business/fed...

Doves and Hawks A look at where U.S. Fed policymakers stand on interest rate hikes

July rate cut for the Fed? Inside the US central bank the idea doesn't seem to be selling that well. www.reuters.com/graphics/USA...

Trump has publicly mulled about appointing himself Fed Chair. Asked Tuesday if that's possible, Powell didn't take a stand, but the Federal Reserve Act appears to. Fed Board members, the act says, "shall devote their entire time to the business of the Board." hat tip @hpschneider.bsky.social

Philadelphia Fed President Patrick Harker told my colleague @michaelsderby.bsky.social he's concerned the Fed is flying "half blind" as the quality of economic data declines. The Bureau of Labor Statistics says a staffing shortage forced it to reduce its data collection for a key inflation report.

Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue unimpeded growth.

Fed releases Wells Fargo from punitive asset cap (Tuesday, via @peteschroeder.bsky.social and Nupur Anand @reuters.com). Senate to hold vote to confirm Fed Governor Michelle Bowman as Fed's top banking regulator (Wednesday). Makes you wonder what Thursday will bring. www.reuters.com/sustainabili...

Fed's Goolsbee: if tariffs are avoided, policy rate can come down Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes that if big tariffs could be avoided, either through trade deals or otherwise, the U.S. central bank could likely cut interest rates given the underlying strength of the economy and the direction of inflation.

US central banking communications took an unexpected turn today when Fed's Goolsbee likened tariffs to belly fat.... www.reuters.com/business/fed...

Exclusive: Head of Fed-watchdog task force in Congress plans broad US central bank review Representative Frank Lucas plans a broad review of how the US central bank makes its interest rate decisions, including whether controlling inflation should be prioritized over safeguarding employment.

"Is there really a dual mandate?" Republican Frank Lucas looks set to raise basic questions about the Fed's goals at next week's hearing of his Monetary Policy Task Force, a House Financial Services subcommittee, reports @hpschneider.bsky.social @reuters.com www.reuters.com/business/fin...