San Francisco Fed's Daly says there is no rush to lower rates
San Francisco Fed President Mary Daly states that there is no rush to lower interest rates, given a steady disinflation process, robust economic growth, and... San Francisco Fed President Mary Daly has stated that there is no immediate urgency to reduce interest rates. Daly cited a bumpy disinflation process, strong economic growth, and a tight labor market as reasons for the decision. Daly suggested that interest rates might adjust this year but were not yet close to a resolution.
Published : 2 months ago by SA News Editor, Max Gottlich in Finance
There is no urgency to reduce interest rates San Francisco Fed President Mary Daly said on Tuesday, echoing a number of her colleagues who have pointed a bumpy disinflation process, strong economic growth, as well as a tight labor market.
"There is a path where interest rates start to adjust this year but we're just not there yet," Daly said in a fireside chat.
This is a developing story. Check back for updates.
Topics: Markets