Fed Daly: Lift off in March is a quite reasonable thing
In a Reuters interview, San Francisco Fed President Mary Daly said, “lifting off in March when you have an unemployment rate of 3.9%, and an inflation rate that’s north of our price stability goal of average 2% inflation, to me seems a quite reasonable thing.” But she didn’t offer her prediction on the number of rate hike needed this year.
Daly also said even with the rate hikes, “we are not bridling the economy and starting to restrain it.” Rate would remain well below the “neutral” level of 2.50%. Meanwhile, once Fed has raised rates once or twice, she said, it should start shrinking the balance sheet as a “predictable” manner.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.