Central Banks

SF Fed Pres.Mary Daly: Fed policy is in a good place. Fed can cut if needed

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SF Fed Pres.Mary Daly says:

  • Fed policy is in a good place.
  • Fed can’t cut rates if needed.
  • The Fed wants to avoid holding rates all the way to 2% inflation.
  • There is no imminent risk of the economy faltering
  • If Fed were to cut to quickly, inflation can get stuck
  • Risks of persistent inflation and economic downturn are even

SF Fed Pres.Mary Daly is a voting member on the FOMC board this year.

This article was written by Greg Michalowski at www.forexlive.com. Source