Central Banks
Fed’s Daly Says Officials ‘Ready’ to Cut Interest Rates When Data Demands It
- San Francisco Fed chief comments in interview with Bloomberg
- Suggests need to adjust policy before inflation hits 2% goal
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Federal Reserve Bank of San Francisco President Mary Daly said central bank officials are ready to lower interest rates as needed but emphasized there’s no urgent need to cut given the strength of the economy.
“There is no imminent risk to the economy faltering,” Daly said Thursday on Bloomberg Television’s Wall Street Week with David Westin, pointing to the labor market, consumer spending and economic growth. “We are ready to make moves and adjust as the data demands us to do.”