More from Fed's Daly - monitoring labour market indicators carefully

Federal Reserve Bank of San Francisco President Mary Daly

• none of the labour market indicators she looks at are flashing red at present, but she is monitoring carefully

• Fed is prepared to act as we get more information
• It's clear inflation is coming down, labor market is slowing
• I am more confident we are on a sustainable path to 2%
• Communication itself is a policy adjustment

Earlier:

• Fed's Daly says minds are open to cutting rates in coming meetings