Economics
Fed’s Daly Says Strong Economy Can Tolerate 50-Basis-Point Hikes
- Says 75 basis-point rate hike ‘not a primary consideration’
- Would like to see continued tightening of financial conditions
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Federal Reserve Bank of San Francisco President Mary Daly backed raising interest rates by a half-percentage point at each of the central bank’s next two meetings, adding that she’d like to see financial conditions tighten further.
“Going up in 50-basis-point increments to me makes quite a bit of sense and there’s no reason right now that I see in the economy to pause on doing that in the next couple of meetings,” Daly said in an interview Thursday with Bloomberg News.