Federal Reserve Bank of San Francisco President Mary Daly:
- Confidence is growing that we are getting nearer to a sustainable pace of getting inflation to 2%
- I see a policy adjustment over the coming term
- Some normalisation of policy is a likely outcome
- US economy is slowing
- Inflation is lower but we are not there yet
- We are nearer the time of achieving our goals
September has firmed as a likely Federal Reserve rate cut. I posted my tin hat/cynical political view on this here. ;-)
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