CoinVoice has recently learned that, according to San Francisco Fed President Mary Daly on Wednesday, considering the slowdown in the labor market and her assessment that tariffs pose only a short-term threat to inflation, she believes the Fed will soon need to cut interest rates. "Without tariffs, inflation has been gradually declining, and with the economic slowdown and monetary policy still being restrictive, inflation should continue to decline." She added that while tariffs will push up inflation in the short term, they are unlikely to have a lasting impact. Meanwhile, the labor market has already weakened. "I think further slowing would be concerning, and once the labor market starts to wobble, it tends to slide rapidly and severely. All of this means we are likely to need to adjust policy in the coming months."