Inflation & Prices
Fed’s Daly Says It’s Too Soon to Declare Inflation Victory
- San Francisco Fed chief says inflation data ‘very positive’
- Daly adds she is ‘wait-and-see’ mode; wants inflation at 2%
Mary Daly
Photographer: Haiyun Jiang/BloombergThis article is for subscribers only.
Federal Reserve Bank of San Francisco President Mary Daly said it’s too soon for policymakers to say they have done enough to return US inflation to their target.
“It’s really too early to say that we’ve declared victory on inflation,” she said on CNBC on Thursday. While data on consumer prices out Wednesday “is very positive,” she said she’s in a “wait-and-see mode on that, because I remain resolute to bring inflation down to 2%.”