Daly Says Fed Rate Adjustment Likely Warranted After Latest Data
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Federal Reserve Bank of San Francisco President Mary Daly said given recent data on employment and inflation, some adjustment to interest rates will likely be warranted—though she stopped short of offering a specific timeline for cuts.
“At this point, it is clear that the risk to our mandated goals of price stability and full employment have come into better balance and that monetary policy is working,” Daly told reporters Thursday on a conference call after the release of June data on consumer prices.