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Tag: Daly

Fed must try to avoid a 'harsh recession,' Daly says

Fed’s Daly, despite ‘welcome’ CPI data, still wants to raise benchmark rate above 4.5%-4.75% range

By adminPosted on November 10, 2022

The Federal Reserve should still raise its benchmark interest rate slightly above a 4.5%-4.75% rate despite the “welcome’ consumer price data released earlier Wednesday, said San Francisco Fed President Mary Read more

Fed's Daly says 'churn' in labor market might be settling

Fed’s Daly wants to start talking about ‘step down’ in super-sized pace of interest-rate hikes

By adminPosted on October 21, 2022

The Federal Reserve needs to start talking about slowing down their rapid pace of recent increases in their benchmark interest rate, said San Francisco Fed President Mary Daly on Friday. Read more

Mary Daly: ‘I don’t feel the pain of inflation anymore,’ here’s the full context

Fed’s Daly says more rate hikes needed, dismisses ‘pivot’ talk

By adminPosted on October 5, 2022

The Federal Reserve needs to keep raising its benchmark interest rate in order to cool inflation that hit a 40-year high earlier this year and has shown little signs of Read more

Fed's Daly says 'churn' in labor market might be settling

Fed’s Daly says ‘churn’ in labor market might be settling

By adminPosted on October 4, 2022

There are signs that the U.S. labor market is starting to cool off a bit, San Francisco Federal Reserve President Mary Daly said Tuesday. “I think…some of the churn that’s Read more

Fed must try to avoid a 'harsh recession,' Daly says

Fed must try to avoid a ‘harsh recession,’ Daly says

By adminPosted on September 29, 2022

The Federal Reserve does not need to induce a deep recession in order to bring down high inflation, San Francisco Fed President Mary Daly said Thursday. “Inducing a deep recession Read more

Mary Daly: ‘I don’t feel the pain of inflation anymore,’ here’s the full context

Mary Daly: ‘I don’t feel the pain of inflation anymore,’ here’s the full context

By adminPosted on August 3, 2022

Inflation is hurting some Americans more than others — just ask Mary Daly.  “‘I don’t find myself in a space where I have to make tradeoffs, because I have enough, Read more

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