San Francisco Fed President Mary Daly backed the Federal Reserve's decision to keep interest rates unchanged, saying policymakers need more evidence before deciding whether inflation warrants further action. She stressed that upcoming economic data will be key to the Fed's September policy decision.

Philadelphia Fed President Anna Paulson remains open-minded regarding monetary policy. She views recent inflation data as a welcome but insufficient step. Paulson supports…

Daly notes easing tariff-driven inflation pressures. Annual inflation below 3.3% in July at 31% YES.

Daly says labor market isn't driving inflation pressures. Rate cut by December 2026 at 11.5% YES.