Fed’s Daly Says Employment, Inflation Risks Roughly in Balance

Federal Reserve Bank of San Francisco President Mary Daly said she sees the central bank’s monetary policy stance as “in a good place” currently, with risks to its US employment and price stability mandates as roughly equal.

“We have to navigate policy not only depending on how the environment evolves, but also with keeping those two objectives in mind,” Daly said Sunday while answering questions after a speech prepared for the Western Economic Association International’s 100th Annual Conference in San Francisco.