SF Fed President Mary Daly states that recent inflation data shows monetary policy is working, but it's too early to lower borrowing costs.
SF Fed President Mary Daly said that recent inflation data suggests monetary policy is working, but it's too early to lower borrowing costs. She noted that the central bank will remain data-dependent and adapt to various scenarios, including slower-than-expected inflation and changes in labor market conditions. The core PCE price index increased 0.1% in May, marking the smallest advance this year.
June 28, 2024
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