Economics
Daly Sees Possible Need for Half-Point Fed Rate Hike in May
- Tells Bloomberg Equality Summit data will guide the decision
- ‘If we need to do 50, that is what we’ll do,’ Daly says
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Federal Reserve Bank of San Francisco President Mary Daly said she has “everything on the table” for the next policy meeting in May, as both a 50 basis-point interest-rate hike and a decision to shrink the balance sheet could be warranted depending on economic data in coming weeks.