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Fed’s Daly Urges Gradual Shift, George Focused on Balance Sheet

  • ‘We are not behind the curve,’ San Francisco Fed leader says
  • Fed’s George says balance sheet may allow flatter rate path
Federal Reserve Bank of San Francisco President Mary Daly

Federal Reserve Bank of San Francisco President Mary Daly

Photographer: David Paul Morris/Bloomberg
Updated on

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Federal Reserve Bank of San Francisco President Mary Daly said the central bank could raise interest rates as early as March to fight high inflation, but she cautioned against overreacting and tightening policy too quickly.