SF Fed Pres. Daly: US economic system is in a very good place

After SF Fed Daly gave a speech, she is answering questions and says:

• The economic system is in a very good place.
• GDP progress, labor market strong.
• Inflation is coming down over time, fairly bumpy.
• No cause to be discouraged about inflation progress, however taking longer than anybody needs.
• Fed coverage stays restrictive.
• Requested if there might be extra fee cuts this 12 months, says the world is unsure.
• Wants to stay restrictive till I see that we’re actually persevering with to make progress on inflation.
• We wish to watch out earlier than we make the subsequent adjustment that there’s sufficient stress on inflation.
• Additionally don’t wish to shortchange labor market.
• Want extra data, do not wish to urgently get to a solution that we’d remorse.
• We have no idea scope, magnitude or timing of recent administration’s insurance policies.
• Coverage is in an excellent place can simply transfer when wanted.

“Regular as she goes” is her common view as uncertainty dictates staying pat.

This text was written by Emma Wang at www.ubaidahsan.com.



Source link