Daly: Fed is working to get inflation down without stalling economy

• 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 Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term down
• 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.