Fed's Daly says we have gotten rates to neutral

Mary Daly is head of the San Francisco Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term branch.

Earlier remarks:

• Fed's Daly says a deep recession is not warranted or necessary

Q&A now

• we have gotten rates to neutral
• we expect to raise rates further in coming meetings and early in 2023

• Hearing that there is less churn in the labour market, this is a sign the labour market tightness is easing

• We need to see progress on inflation

Members of the Federal Open Market Committee (FOMC) of the Federal Reserve have been promising rates above neutral - Daly's comment on this is not surprising.