Fed’s Daly advocates for patience as “we’re not there yet”

San Francisco Fed President Mary Daly commented at an event overnight, emphasizing that the US has not yet achieved price stability. While acknowledging recent positive inflation data, Daly noted, “We’re not there yet.” Daly highlighted the delicate balancing act facing monetary policy. She called for patience, urging policymakers to “balance the costs of acting fast […]

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