San Francisco Fed President Mary Daly has indicated her support for a potential interest rate cut at the Federal Reserve's upcoming December meeting. Daly emphasized the increasing risk of a sudden downturn in the labor market, suggesting it outweighs the risk of a resurgence in inflation. According to Daly, the Fed's primary objective is to effectively curb inflation without causing a significant rise in unemployment. Her statements suggest a growing concern within the Fed about the potential for economic slowdown and a willingness to adjust monetary policy to mitigate that risk. The Fed is carefully monitoring economic indicators to determine the appropriate course of action. ```