More from Fed's Daly: Fed rate path projection of 4%-4.5% by year end, 4.5%-5% in 2023

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:

• Comfortable with median Fed rate path projection of 4%-4.5% by year end, 4.5%-5% in 2023
• Actual rate path will depend on data
• After rate hikes would expect to hold rates steady for at least all of 2023
• Financial markets are digesting a lot of information, will take time to work themselves out
• Will be looking at how tight financial conditions are, and if tight enough to bring down inflation
• More than just a hope that unemployment will rise to the 4% range, but not to 6%
• Prepared to do more with rate hikes if 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 psychology starts to change, or don't get the recovery in global supply that we want to see

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Earlier comments from Daly:

Fed's Daly says we have gotten rates to neutral

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