SF Fed President Mary Daly
They're going to hold too long. It was written in stone they would hold too long after they blew it on inflation.
- Initial claims still coming in low
- We see cautious optimism in the business community
- At this point, the risks to inflation and employment are in better balance
- From contacts, concerns now are the ones we had in 2019
- There's no evidence that stagflation or recession is in our future