Fed's Daly says it is time to consider adjusting borrowing costs, FT reports
- San Francisco Federal Reserve Bank President Mary Daly said it is time to consider adjusting borrowing costs from their current range of 5.25% to 5.5%, in an interview with the Financial Times published on Sunday.
In remarks earlier this month, she said it is too soon to know if the July jobs report signals a slowdown or real weakness, but cautioned it is"extremely important" to prevent the labor market tipping into a downturn. She was"more confident" that inflation is headed toward the 2% goal.
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