Fed Official Daly Says No Rush to Cut Rates With Inflation Still Elevated

• Fed's Daly No urgency to cut US interest rates currently • Inflation falling more slowly than last year; need confidence it's on track to 2% target • Fed will maintain current policy stance "as long as necessary" to bring down inflation • Daly echoes other Fed colleagues in seeing no need to urgently adjust rates • Too much focus on whether cuts will be 2 or 3 or 4; key is commitment to price stability