Economics
Fed’s Daly Says Too Soon to Change Rate-Hike Calculations
- Also premature to adjust taper, given uncertainty, Daly says
- Comments come after consumer prices rise most since 1990
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Federal Reserve Bank of San Francisco President Mary Daly said she is monitoring “eye-popping” inflation but it is too soon to judge if the central bank should accelerate its pace of policy tightening.
“Right now it would be premature to start changing our calculations about raising rates,” Daly, one of the central bank’s most dovish officials, said Wednesday during an interview on Bloomberg Television with Michael McKee. “Right now, uncertainty requires us to wait and watch with vigilance.”