San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing down high inflation but also wants to do so “as gently as possible” so as not to drive the economy into a downturn. It is important, Daly said at a symposium held jointly with the…
Fed’s Daly: Need More ‘Urgency’ on Policy Tightening
San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she expects the U.S. central bank will need to raise rates at least four times this year, and likely more, to stop high inflation from getting worse. “There is broad agreement that inflation is too high and the policy rate is too low,” Daly…
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