Fed's Daly: The labor market has achieved full balance, and the time has come to adjust policies

Fed's Daly said that the labor market has achieved full balance, and the time has come to adjust policies; it is hard to imagine any factors that will interfere with the September rate cut; as inflation falls, there is no hope of further tightening policies; there is no sign of sudden weakness in the labor market, and no signs that companies are preparing to lay off employees; it is too early to judge the extent of the rate cut; interest rates are trending downward.