San Francisco Federal Reserve chair, Mary Daly:
- POLICY IS IN A VERY GOOD PLACE
- THE RISKS OF EXCESSIVE AND INSUFFICIENT POLICY TIGHTENING ARE NOW BALANCED.
- NEWS ON INFLATION IS GOOD.
- IT IS TOO EARLY TO DECLARE VICTORY OVER INFLATION
- I AM NOT READY TO SAY WHAT THE FED'S NEXT MOVE WILL BE.
- WE DON'T KNOW YET IF WE ARE DONE WITH HIKES.
- FED POLICY IS SIGNIFICANTLY RESTRICTIVE.
- I'M NOT SURE THAT POLICY IS RESTRICTIVE ENOUGH
- I DON'T WANT TO DISCOUNT THAT THE FED IS IN A GOOD PLACE IN TERMS OF POLICY. IT'S TOO EARLY TO DECLARE VICTORY.
- THE OUTLOOK FOR THE ECONOMY IS POSITIVE, BUT IT IS NOT CLEAR THAT INFLATION WILL FALL AS IT NEEDS TO.
- THE RISKS OF OVER-TIGHTENING AND UNDER-TIGHTENING OF POLICY ARE BALANCED
- TIGHTER FINANCIAL CONDITIONS ARE HELPING TO REBALANCE THE ECONOMY
- A STRONG ECONOMY AND SIDEWAYS INFLATION MAY JUSTIFY ANOTHER HIKE.
- IT IS DIFFICULT TO SAY WHY YIELDS ARE RISING, THERE ARE PROBABLY MANY REASONS.
- I DON'T SEE THE ECONOMY GOING INTO A DEEP SLOWDOWN.
- WE ARE LIKELY TO SEE A SLOWER LABOR MARKET AND LOWER GROWTH.
Source: xStation5
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