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Fed: Changes in labor market could prompt monetary policy adjustments – Mary Daly

San Francisco Federal Reserve (Fed) Chair Mary C. Daly discussed the Fed's policy outlook during an interview on Fox Business on Friday.

President of the San Francisco Fed since 2018, Mary C. Daly will move from an alternate voting member to a full member for the 2024 Fed presidency rotation when the Fed meets on January 31, and will vote directly on rate operations throughout the fiscal year.

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  • Mary Daly says early signs of a weakening labor market could trigger monetary policy adjustments.
  • It is also important to monitor any increase in delinquency rates as an early indicator of economic weakness.
  • The Fed needs inflation to continue on a steady path toward 2%, it needs more evidence to be confident in rate adjustments.
  • Markets are premature in thinking that rate cuts are around the corner.
  • It is too early to declare victory over inflation.

Source: Fx Street

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