Fed's Daly Sees 110,000-Job Economy Holding Up as Slightly Restrictive Policy Presses Inflation
Updated
Updated · investinglive.com · Jul 2
Fed's Daly Sees 110,000-Job Economy Holding Up as Slightly Restrictive Policy Presses Inflation
3 articles · Updated · investinglive.com · Jul 2
Summary
Mary Daly said the U.S. economy still shows no loss of resilience, with strong investment growth and a labor market she described as stabilized despite inflation remaining above target.
Tariffs and an oil-price shock have lifted inflation, she said, though falling oil prices could bring some relief while current policy stays slightly restrictive.
Daly declined to signal the next rate move, saying the Fed faces two live scenarios: inflation keeps easing, or officials must keep fighting price pressures if growth holds up.
A 110,000 June nonfarm payrolls consensus due later Thursday could quickly reshape that assessment, underscoring the Fed's data-dependent stance.