Economics
Fed Rate-Increase Path to Be Data-Dependent, Measured, Daly Says
- San Francisco Fed leader still favors first rate hike in March
- ‘Abrupt and aggressive’ moves would be destabilizing, she says
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
San Francisco Federal Reserve President Mary Daly said it’s paramount for the central bank to be measured and data-dependent as it starts lifting U.S. interest rates to ensure stability.