The president of the San Francisco Federal Reserve, Mary Daly said Friday that she believes the central bank has a lot of work left to do. to return inflation to the 2% objective set by the Fed and that It's too early to think that interest rate cuts are just around the corner.
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“We still have a lot of work to do on inflation.”
“It is premature to think that rate cuts are around the corner“.
“It's too early to declare victory.”
“We have to ensure that inflation follows a consistent path towards 2%, we need more evidence to feel confident to adjust the monetary policy rate“.
“Any early signs that the labor market could falter could also trigger a tightening of monetary policy.”
“It is important to consider any increase in delinquency rates as an early sign of economic weakness.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
