San Francisco Fed President Mary Daly says central bank has not yet achieved price stability, remains data-dependent for rate decisions.

San Francisco Federal Reserve President Mary Daly stated that while recent inflation indicators are moving in the right direction, the central bank has not yet achieved price stability. She emphasized that the Fed will remain data-dependent in determining whether to cut interest rates. Daly stressed that the Fed must be confident in being on a sustainable path to achieving price stability.

July 18, 2024
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