Mary Daly is President and Chief Executive Officer of the Federal Reserve Bank of San Francisco
Earlier:
More now, Headlines via Reuters:
- don't want to be headfaked by inflation improvement
- for today, with numbers in hand, i think 50 bps is the case, but open to 75 bps
- 50 bps makes sense to me right now
- I want financial conditions to remain tight
- I want to achieve a slower economy, but no recession
- we are seeing signs that fed rate hikes are working
- longer-run inflation is driven by core services, and those prices are still rising at a rapid clip
- synchronized tightening by global central banks is tightening global financial conditions
- repeats view that 3.4% fed funds rate is about right for the end of the year
- I see rates becoming more restrictive next year
- I don't see a hump in rates; i see raising them and then holding there for a while
