San Francisco Federal Reserve Bank President Mary Daly said today that an increase in US interest rates by 50 basis points, or 75 bp. at the next meeting in September it would be a “sensible” move to drive short-term borrowing costs slightly above the 3% level by the end of 2022 and slightly higher than […]
Tag: Mary Daly
Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’
San Francisco Fed President Mary Daly said Wednesday that she did not think the Fed needs to lower interest rates to offset the effects of the coronavirus outbreak or other economic headwinds. Appearing on CNBC’s “Power Lunch,” Daly said she did not think the outbreak would do anything “material” to the U.S. economy, even with […]