Fed's Daly: Wants to bring inflation down, but not unnecessarily tip the economy into a downturn
|Federal Reserve's Mary Daly is crossing the wires.
She said she wants to bring inflation down, but not unnecessarily tip the economy into a downturn.
''It's important to navigate through a high inflation environment as carefully as we can,'' she said.
''We are resolute and committed to doing that.''
She joins a chorus of Fed speakers this week. We heard from St. Louis Fed President James Bullard and Chicago Fed President Charles Evan on Tuesday morning who advocated more interest rate hikes even at the risk of slowing economic growth. Later in the day, Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said in a WSJ Live interview that central bankers are united in their determination to do what needs to be done to bring inflation down, and financial markets understand that. "There's a lot of tightening in the pipeline," Kashkari said.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.