Fed’s Daly: High risks and 'murky' economic conditions mean Fed should practice gradualism
San Francisco Federal Reserve President Mary Daly said on Friday, “high risks and 'murky' economic conditions mean Fed should practice gradualism.“
Additional comments
Needs 'the boldness to wait' given uncertain times.
Fed needs patience, 'measured adjustments'.
Fed uncertain if current economic dynamics now are 'remnants' of pandemic recovery or a new normal.
Fed not certain if inflation is on track to 2%.
Fed unsure about length of policy lags.
Central bank policy debates are now centered on what constitutes sufficiently restrictive, and how long to maintain that stance.
Related reads
- Fed’s Barr: We are likely at or near the peak of where we need to be on interest rates
- USD Index Price Analysis: A deeper pullback is seen below 104.00
Reprinted from FXStreet_id，the copyright all reserved by the original author.
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.