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
Tag: Daly
Fed’s Daly wants to start talking about ‘step down’ in super-sized pace of interest-rate hikes
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
Fed’s Daly says more rate hikes needed, dismisses ‘pivot’ talk
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
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
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
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