Fed's Daly: Good chance Fed won't raise interest rates in 2019 - The Wall Street Journal

Eren Sengezer FXStreet

In an interview with The Wall Street Journal, the new president of the Federal Reserve Bank of San Francisco, Mary Daly, argued that the Fed may not need to raise rates in 2019.

"If the economy evolves as I just said I expect it to - 2% growth, 1.9% inflation, no sense that [price pressures are] going up, no sense that we have any acceleration - then I think the case for a rate increase isn't there this year," Daly explained.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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