- Latest comments by Mary Daly of the Federal Reserve
- Latest comments by Mary Daly of the Federal Reserve
The president of the Federal Reserve Bank of San Francisco, Mary Daly, emphasizes that policymakers should remain open-minded about decisions at the December FOMC meeting. In her opinion, the current 50 bp interest rate cuts have put the central bank in a better position to respond to economic challenges. Daly stresses the need to maintain a moderately restrictive policy that helps curb inflation without harming the labor market. She notes that inflation in the US remains above the Fed's target, so anti-inflationary pressure remains a priority for monetary authorities.
At the same time, Daly signals a willingness to balance risks when making further decisions, without prejudging the direction of action at the next meeting. In summary, her message confirms that the Fed is maintaining strategic flexibility while clearly declaring its determination to fight inflation, but without placing an excessive burden on the US labor market. However, the comments themselves seem to suggest that the relatively neutral member of the Fed's decision-making council may advocate a pause in monetary policy easing at the central bank's next meeting on interest rates.
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