Fed’s Daly: Need patience on rates until inflation rises faster

More comments are crossing the wires from the new San Francisco President Mary Daly, courtesy Reuters, now speaking about the Fed’s interest rates outlook.
“We are very near neutral level of rates.
Fed does not balance sheet policy to be working at cross purposes with rate policy.
US economy is restraining itself and faces headwinds, so need patience on rates.
Want patience on rates until she sees inflation rising faster.”
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















