Fed's Daly: Risks over overtightening and undertightening are 'about balanced'

• Two more rate hikes this year is a 'very reasonable' projection
• Two more hikes is only a projection, we don't know for sure
• Prudent to slow the pace of hikes as we approach destination
• Says she strongly supported June decision to hold rates and watch the data
• Community contacts are worried housing has hit a bottom and that rents are reaccelerating
• Credit tightening so far is consistent with what would have been expected without March banking turmoil
• 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 expectations and frequency and magnitude of prices changes are both on a downward trajectory

Daly spoke with Reuters and these comments are in-line with what Powell has been saying. That's not a surprise as Daly is basically a Powell parrot.