Fed's Daly Says Inflation Should Ease as Rates Stay Slightly Restrictive
Updated
Updated · Bloomberg · Jul 2
Fed's Daly Says Inflation Should Ease as Rates Stay Slightly Restrictive
3 articles · Updated · Bloomberg · Jul 2
Summary
Mary Daly said Thursday that inflation should start to slow, while warning that the economic outlook still carries large uncertainties.
At a Bank of Spain event in Santander, the San Francisco Fed president said current policy remains in a slightly restrictive position, which should help bring inflation down.
Her remarks suggest the Fed still sees existing rate settings as tight enough to cool prices, even as uncertainty clouds the path for growth and inflation.