Daly Says Fed Can Take Its Time Reacting to Trump Policies
- Central bank doesn’t need to act preemptive, Daly says
- Fed still must bring inflation back to its 2% target
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Federal Reserve Bank of San Francisco Mary Daly said the US economy was in a good position, and the central bank didn’t need to react quickly to policies introduced by the Trump administration.
“There is a lot of uncertainty,” Daly said Tuesday on a panel hosted by the Commonwealth Club World Affairs of California. But, she added, “We can take our time to look at what’s coming in, both on the economy and any policy changes.”