Home News Fed’s Daly: More Confident Inflation is On the Path to 2%

Fed’s Daly: More Confident Inflation is On the Path to 2%

August 6, 2024

by Lallalit Srijandorn
FX Street

Federal Reserve Bank of San Francisco President Mary Daly said on Monday that she is more confident US inflation is on course to the Fed’s 2% target, per Reuters.

Key quotes

Risks to Fed’s mandates are getting in more balance.

Minds are open to cutting rates in coming meetings.

Concern is that we will deteriorate from current place of balance in jobs report; we don’t see that right now.

July jobs report reflected a lot of temporary layoffs, hurricane effect.

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