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WSJ What’s News

Why the San Francisco Fed President Supports a Rate Cut in December

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 24 November 2025

⏱️ ? minutes

Summary

P.M. Edition for Nov. 24. In an exclusive interview, San Francisco Fed President Mary Daly says she supports a rate cut at the Fed’s next meeting in December. She has rarely been in public opposition with Fed Chair Jerome Powell. Plus, WSJ national security correspondent Michael Gordon discusses the sticking points in negotiations over President Trump’s Ukraine peace plan. And, in an unusual diplomatic move, Chinese leader Xi Jinping called President Trump to discuss Taiwan. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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