Fed’s Daly: rate cuts may be needed next year to prevent overtightening -WSJ
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly said Monday that cuts to the U.S. central bank’s benchmark rate are likely be appropriate next year because of an improvement in…
Daly: Premature to say if Fed has done enough on rates
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday said that while recent inflation data is moving in the right direction, more progress is needed before she would feel…
Fed’s Daly: two more rate hikes likely needed this year
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Monday repeated that she believes two more rate hikes this year will likely be needed to bring down too-high inflation in…
Exclusive-Fed’s Daly: two more US rate hikes a ‘very reasonable’ projection
By Ann Saphir SAN FRANCISCO (Reuters) – Two more U.S. interest-rate hikes this year is a “very reasonable” projection, San Francisco Federal Reserve Bank President Mary Daly said, but given how fast…
Fed’s Daly: Expects unemployment rise as price of controlling inflation
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly on Monday said it would be quite surprising for the central bank to get inflation…
Fed’s Daly: tighter policy, for a longer time, ‘likely’ needed
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Saturday sounded a clear warning on the inflationary threat, and signaled that the U.S. central bank may raise interest rates further,…
Fed’s Daly: Lots of options on table for December FOMC rate hike
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said Monday that the U.S. central bank could lift its overnight target rate above 5%…
Fed’s Daly: Currently expect fed funds rate to top out around 5%
NEW YORK (Reuters) – Federal Reserve Bank of San Francisco leader Mary Daly said on Monday she is still expecting the U.S. central bank to hike rates more and will likely lift…
Fed’s Daly: top policy rate of 4.75%-5.25% ‘reasonable’
By Ann Saphir (Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday said the U.S. central bank’s policy rate could end up in the 4.75%-5.25% range, high enough to…
Fed’s Daly: need further rate hikes to beat inflation
By Ann Saphir (Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said the U.S. central bank needs to push borrowing costs higher and then hold those restrictive policies…
Fed’s Daly: ‘Comfortable’ with 4.5%-5% Fed policy rate in 2023
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday said she believes it will take raising interest rates to a 4.5%-5% range and holding them there through the end…
Fed’s Daly: no U.S. recession needed to defeat high inflation
(Reuters) – The Federal Reserve needs to slow the U.S. economy and take the heat out of the strong jobs market to bring down corrosively high inflation, San Francisco Fed chief Mary…
Fed’s Daly: do not want to tip economy into downturn
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing down high inflation but also wants to do so “as gently…
Fed’s Daly: growth will slow, but don’t expect economy to shrink
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said she believes the U.S. economy will slow to below 2% annual growth as the Fed raises interest rates, but…
Fed’s Daly: 75 bps rate hike likely needed in July
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said another 75 basis point interest rate hike in July is her “starting point,” though if the economy slows more…
Fed’s Daly: bringing down inflation is ‘number one priority’
(Reuters) – Bringing down inflation is the U.S. central bank’s “number one priority right now,” but raising interest rates to do so is unlikely to trigger a recession, San Francisco Federal Reserve…
Fed’s Daly: let’s get U.S. interest rates to 2.5% as quickly as we can
(Reuters) – The Federal Reserve should get interest rates up to a level that no longer stimulates the economy as quickly as possible including 50-basis-point hikes at the central bank’s next two…
Fed’s Daly says she does not expect a recession
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Monday said the U.S. economy has a lot of momentum, and said the central bank can raise interest rates to where…
Fed’s Daly backs half-percentage-point rate hikes at next meetings
(Reuters) – San Francisco Federal Reserve President Mary Daly on Thursday said she backs the plan to hike interest rates laid out by Fed Chair Jerome Powell and would like to see…
Fed’s Daly: Case for half-percentage-point hike in May is ‘complete’
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said she believes the case for a half-percentage-point interest rate hike next month is “complete” and “solid,” with the U.S. central…
Fed’s Daly sees U.S. inflation at 2% goal in five years
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said it’s unlikely inflation will fall to 2% this year, but she does expect it to start dropping and to be…
Raising Fed’s policy rate to 2.5% by end of 2022 is ‘prudent,’ Daly says
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said she supports getting the U.S. central bank’s benchmark overnight interest rate up to about 2.5% by the end of the…
Fed’s Daly sees slower growth, but no recession ahead
(Reuters) – Interest rate hikes aimed at bringing down too-high inflation will slow economic growth but will not tip the U.S. economy into recession, San Francisco Federal Reserve Bank President Mary Daly…
Fed’s Daly: balance sheet reduction should be gradual, predictable
– The Federal Reserve should reduce its balance sheet earlier in the policy tightening cycle and more rapidly than the last time it did so, San Francisco Federal Reserve Bank President Mary…
Fed’s Daly: Being too aggressive on rate hikes could be destabilizing
– Being too “abrupt and aggressive” with interest rate increases could be counter-productive to the Federal Reserve’s goals, San Francisco Federal Reserve Bank President Mary Daly said on Sunday, signaling she is…
Fed’s Daly says U.S. inflation could get worse before it gets better
WASHINGTON -High U.S. inflation may get even higher before subsiding in the face of Federal Reserve action and as supply chain strains recede, San Francisco Federal Reserve Bank President Mary Daly said…
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