SAN Francisco Federal Reserve Bank President Mary Daly on Monday said she has not seen anything to suggest the US central bank would stop cutting interest rates, which are “absolutely” still high enough that they are restraining the economy.

History shows that Fed rate cuts often boost the stock market, but context matters—normalization cuts tend to drive gains, while recession cuts can lead to losses.

A trio of Federal Reserve policymakers on Monday expressed support for gradual U.S. interest-rate cuts, citing the strength of the economy and an uncertain outlook. The remarks -- from Kansas City Fed President Jeffrey Schmid,

Federal Reserve Bank of Dallas President Lorie Logan repeated her call for the US central bank to lower interest rates at a careful pace as the economic environment remains uncertain.

Dallas Fed president Lorie Logan said Monday she continues to see the need for gradual rate cuts toward a neutral level to help manage the risk of faster cooldown in the labor market or pick up in the pace of inflation.

"Any number of shocks could influence what that path to normal will look like, how fast policy should move and where rates should ultimately settle," Federal Reserve Bank of Dallas President Lorie Logan says at the Securities Industry and Financial Markets Association's annual meeting in New York.

Dallas Fed president Lorie Logan repeated her call for interest rates to be lowered "gradually," citing an increased risk that the job market could worsen and a danger that inflation could still heat up again.