Federal Reserve Bank of San Francisco President Mary DalyInflation has come in much less than had fearedLabor market is to a point where softening looks like could be more worrisome if don’t risk manage itPolicy is still modestly restrictive after Sept rate cutFed is also projecting more cuts, part of risk management Daly is reported as saying "Inflation has come in much less than had feared". "Lower than feared" would seem better. More, warns about being too extreme on AI:If overly doomsaying about AI you might be wrong, if overly enthusiastic you might be disappointedGood reason to think AI could be transformational, but can’t jump to that conclusion This article was written by Eamonn Sheridan at investinglive.com.