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Tag: Mary Daly

At least four rate hikes needed this year and likely more, says Fed’s Daly

At least four rate hikes needed this year and likely more, says Fed’s Daly At least four rate hikes needed this year and likely more, says Fed’s Daly

San Francisco Federal Reserve (Fed) President Mary Daly said she expects the Fed will have to raise interest rates at least four times this year, and probably more, to stem the acceleration of inflation and better align demand with supply. “Inflation is too high and the monetary policy rate is too low”, he said at […]

Fed’s Daly says it’s open to accelerating pace of asset purchase downsizing

Fed’s Daly says it’s open to accelerating pace of asset purchase downsizing

Updated on 11/24/2021 12:31 pm San Francisco Federal Reserve (Fed) President Mary Daly said she would be willing to accelerate the pace of the central bank’s gradual reduction in asset purchases if inflation remains high and job growth slows. keeps strong. “If things continue to do what they have been doing, then I would fully […]

Fed’s Daly says inflation will moderate and it’s premature to raise rates

Fed’s Daly says inflation will moderate and it’s premature to raise rates

Updated on 11/10/2021 03:22 pm The president of the Federal Reserve from San Francisco, Mary Daly, stated that he expects inflation to moderate once the COVID-19 backtrack, repeating that it would be “pretty premature” to raise rates now or even accelerate the Fed’s reduction in bond purchases. “Uncertainty forces us to wait and watch carefully,” […]

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