Fed's Daly: Scenario Exists Where Fed Must Fight Inflation
San Francisco Fed President Mary Daly stated that while inflation remains above target, the U.S. economy shows no signs of lacking resiliency, and a scenario exists where the Fed may need to combat inflation further.
Speaking at a Banco de España conference in Santander, Spain, San Francisco Federal Reserve President Mary Daly said that she does not see any signs of a lack of economic resiliency in the United States, despite inflation still running above target.
Daly noted that there is a scenario in which the Federal Reserve would have to continue fighting inflation, though she did not specify the conditions that would trigger such action. Her remarks come as markets remain sensitive to any shift in Fed rhetoric regarding the pace of monetary tightening.
Source: FXStreet Forex News