Comments from SF Fed president Mary Daly on Newsy’s morning rush radio program
Friday, 15/07/2022 | 14:39 GMT-0
15/07/2022 | 14:39 GMT-0
US economy is strong and consumers are continuing to spend
Labor market remains strong
Inflation is too high
Fed is working to get inflation down without stalling economy
Not concerned about over-cooking things on rate hikes
We are dialing back support to the economy
July FOMC will be “a good discussion”
UMich data on consumer inflation expectations was ‘a good thing’
We’re starting to see green shoots of hope forming in the housing market
I don’t have a recession in a high spot on the list of possible outcomes
Now it’s about getting inflation Read this Term
Campsites and restaurants are packed
We heard from Daly already late Wednesday when she said her most favoured response is a 75bp rate hike but that 100 bps was possible.
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