Central Banks
Fed’s Daly Says Incoming Inflation Data Very Good, Not There Yet
- San Francisco Fed chief says job market is at inflection point
- Fed officials must balance costs of acting fast, being wrong
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Federal Reserve Bank of San Francisco President Mary Daly said some recent inflation data has been “really good” but the central bank hasn’t yet achieved price stability.
“We’re not there yet,” Daly said Thursday in a moderated conversation in Dallas. “We don’t have price stability right now and we need to be very confident that we’re on a sustainable path to achieve it.”