Interest rates are likely to be raised a “couple” of more times this year as inflation is still far too high, says the head of the Federal Reserve Bank of San Francisco. Despite price pressures slowing, San Francisco Fed Bank President Mary Daly believes the institution needs to continue raising interest rates, a policy decision…
Interest Rates Likely to be Raised ‘Couple’ More Times This Year: Fed Official
Interest Rates Likely to Be Raised ‘a Couple’ More Times This Year: Fed Official
Interest rates are likely to be raised “a couple” more times this year as inflation is still far too high, the head of the Federal Reserve Bank of San Francisco says. While price pressures are slowing, San Francisco Fed President Mary Daly says the central bank needs to continue raising interest rates, a policy decision…
Real Impact of Fed Hikes Likely Bigger Than What Target Rate Implies, Daly Says
San Francisco Federal Reserve President Mary Daly said on Monday the real-world impact of the U.S. central bank’s interest rate hikes is likely greater than what its short-term rate target implies. Against the Fed’s current short-term target rate of between 3.75 percent and 4.00 percent , Daly said some researchers have found “the level of…
Fed’s Daly Says She Does Not Expect a Recession
San Francisco Federal Reserve Bank President Mary Daly on Monday said the U.S. economy has a lot of momentum, and said the central bank can raise interest rates to where they are no longer stimulating economic growth without starting a recession. “We really have a strong economy,” Daly said in an interview on Fox News….
Fed’s Daly: Being Too Aggressive on Rate Hikes Could Be Destabilizing
Being too “abrupt and aggressive” with interest rate increases could be counter-productive to the Federal Reserve’s goals, San Francisco Federal Reserve Bank President Mary Daly said on Sunday, signaling she is not yet prepared to come out of the gate with a half-percentage-point interest rate hike next month. “So I look at the data, and…
Fed’s Daly Says US Inflation Could Get Worse Before It Gets Better
WASHINGTON—High U.S. inflation may get even higher before subsiding in the face of Federal Reserve action and as supply chain strains recede, San Francisco Federal Reserve Bank President Mary Daly said on Tuesday. “We could have it be worse before it gets better but it is definitely going to get better,” Daly told CNN, adding…
San Francisco Fed’s Daly: Too Soon to Say Job Market ‘Stalling’
October 11, 2021
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The U.S. job market will continue to feel the effects of COVID-19, but it is too soon to say it is “stalling,” San Francisco Federal Reserve President Mary Daly said on Sunday. “It’s going to have these ups and downs, especially with the Delta variant,” Daly said on the CBS weekend news program “Face the…
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