Fed’s Daly: Contacts say consumers are stepping back


Adam Button

Adam Button

Wednesday, 16/11/2022 | 15:12 GMT-0

16/11/2022 | 15:12 GMT-0

  • We want to see the economy slow
  • Consumers are preparing for a slower economy, that’s a good start
  • Want to get back to a sustainable pace of growth
  • Pausing is off the table right now, discussion is on the pace
  • We’re focusing on the terminal rate
  • A high of 4.75-5.25% is reasonable
  • After determining the high, we’ll have to determine how long to hold

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