Federal Reserve (Fed) Bank of San Francisco President Mary Daly spoke on Friday with CNBC that she is not ready to say yet whether the Fed is done raising its interest rate target to bring inflation back to 2%.
Federal Reserve Bank of San Francisco President Mary Daly spoke on Friday with CNBC that she is not ready to say yet whether the Fed is done raising its interest rate target to bring inflation back to 2%. Key quotes “The monetary policy is in a very good place.” “Risk of over tighten and under tightening are balanced.
” “You can be significantly restrictive, which I think we are, and you can still not be sure if you’re sufficiently restrictive” “There’s a lot of demand for certainty that we would say we’re done or we’re definitely hiking, but the truth is, we don’t know,” “It is far too early to declare a victory.” “Not ready to say what that next move will be.” “Need to watch data to drive next rate decision.” “Should not be surprised about the volatility in the bond market amid uncertain outlook.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Indiana Lawmaker to Plead Guilty to Federal ChargeFederal prosecutors say a former Indiana lawmaker has agreed to plead guilty to a federal charge alleging that he accepted promises of compensation from a casino company during his time in public office.
Read more »
Former Indiana Lawmaker to Plead Guilty to Federal ChargeRepublican former Indiana state Rep. Sean Eberhart is set to plead guilty to a federal charge of conspiracy to commit honest services fraud.
Read more »
The Cost of Care: Change at the federal levelAdam Racusin is an investigative reporter at ABC 10News in San Diego.
Read more »
Humane societies probe transfer of 250 small animals that may have later been fed to reptilesTwo humane societies are investigating the transfer of about 250 small animals from California to Arizona that may have ended up being fed to reptiles
Read more »
US Bank Stock Outlook Hinges on Fed's PathBargain hunters are swirling around beaten-down shares of U.S. banks, even as skeptical investors say the sector's problems are likely to persist for some time. The S&P 500 bank index is down around 11% in 2023, a year that began with the failure of Silicon Valley Bank and...
Read more »
Lawmakers Have Just Days to Avert Federal ShutdownHouse lawmakers are racing to find a budget agreement that would avoid a federal government shutdown later this week.
Read more »