Federal Reserve Bank of San Francisco President Mary Daly stated that while inflation has made progress in the past two years, it remains above the 2% target. Daly emphasized the need to bring inflation down in a thoughtful manner that supports full employment. She also noted the tradeoff between inflation and the job market.
Federal Reserve Bank of San Francisco President Mary Daly said on Saturday that despite significant progress in lowering price pressures over the past two years, inflation remains uncomfortably above the 2% target, per Bloomberg. Key quotes Inflation remains above our target. Labor market equilibrium maintained, opposes further deceleration. Notes increased tradeoff between inflation and job market. Policy rules serve as a beginning point, setting the tone for discussion.
When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. How often does the Fed hold monetary policy meetings? The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions.
Inflation Federal Reserve Mary Daly Labor Market Monetary Policy
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