More from Fed's Daly: cautiousness in the economy weighing on growth, but not stalling out

Federal Reserve Bank of San Francisco President Mary Daly with Q&A now:

• There’s cautiousness, which is tempering growth, but not stalling out
• Its worrisome that prime-age male labour force participation is trending down

Daly spoke earlier, getting deeper into the rate cut groove:

• Fed's Daly says its likely the Fed will need to adjust policy in coming months