Daly is speaking on Bloomberg TV
- says +50bp rate hike is her base line at September meeting
- open to 75 if data shows it
- not just looking at one CPI report to decide
- US economy is a long way from a recession
- most important risk in the economy is too high inflation
- wants a slower economy, lower inflation, but no recession
more to come
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Mary Daly is President and Chief Executive Officer of the Federal Reserve Bank of San Francisco
