Fed’s Daly says she sees inflation spurt as being transitory

Comments from the SF Fed President

Comments from the SF Fed President
  • 2.4%-2.6% inflation would equate to ‘high’ reading
  • ‘A little inflation would be good for us’
  • Where FOMC has positioned our policy is perfect
  • Tapering before changing Fed funds rate is the best order but ‘we are a long way from doing it’

It’s safe to say that Daly is fully on board with Powell’s plan on rates.
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