Fed's San Francisco President Mary Daly reports no urgency to adjust interest rates due to strong economic growth, labor market, and persistent inflation.
Fed's San Francisco President Mary Daly highlights no urgency to adjust interest rates, citing solid economic growth, a strong labor market, and persistently high inflation. Daly emphasized the need for confidence in inflation heading towards the Fed's 2% target before reacting. Policymakers have kept rates unchanged since July, awaiting more evidence of inflation cooling towards their 2% target before considering lowering borrowing costs.
April 16, 2024
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