News

Fed's Daly: We will need to raise interest rates to keep economy in balance

Federal Reserve Bank of San Francisco President and FOMC member Mary Daly said on Thursday that we will need to raise interest rates to keep the economy in balance. Even if we do a couple of interest rate increases, monetary policy will still be accommodative, she added. 

Additional Remarks:

"Inflation is a regressive tax... I take it really seriously."

"Inflation has been higher than I'm comfortable with for a long time."

"If we act too aggressively to offset high inflation, we won't actually do much to solve supply chain problems."

"We've come to a point where it is clear inflation is rising in sectors not affected directly by Covid."

"We need to be vigilant on data and take a measured approach to policy."

Market Reaction

There does not seem to have been a market reaction to Daly's latest remarks. 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.