Federal Reserve Bank of San Francisco President Mary Daly said on Thursday the time to cut rates is nearing, without saying when she believes that should happen. “I really am of the view that it’s time” to weigh the need to cut rates “to ensure” the economy stays in the good place where it currently resides,

The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.