Fed’s Daly Backs March Liftoff Despite Tension Over Ukraine
- Daly sees at least four hikes and says it’s likely to be more
- San Francisco Fed chief: lessons from 1970s have been learned
Mary Daly
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve Bank of San Francisco President Mary Daly said she is watching geopolitical developments but has not seen anything so far that would persuade her not to back raising interest rates next month.
“I don’t see anything right now that would disrupt our plans to move the rate up,” she said Wednesday during a discussion on the economy during a town hall hosted by the Los Angeles World Affairs Council. “I see the geopolitical situation, unless it would deteriorate substantially, as part of the larger uncertainty that we face in the United States and our U.S. economy and we’ll have to navigate that as we go forward.”