Odaily Planet Daily News: San Francisco Fed President Mary Daly said on Wednesday that given 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. "Inflation has been gradually declining in the absence of tariffs, and as the economy slows and monetary policy remains suppressive, inflation should continue to decline." She added that although tariffs will push up inflation in the short term, they are unlikely to have a lasting impact. At the same time, the labor market is already weak. "I think a further slowdown would be worrying, and once the labor market falters, it tends to decline quickly and severely. All of this means that we will most likely need to adjust policy in the coming months." (Jinshi)