Federal Reserve (Fed) Bank of San Francisco Mary Daly hit newswires on Monday, cautioning that despite the clear signs of the need for rate adjustments, markets shouldn't run too far, too fast with expectations about the size and frequency.
Fed eral Reserve Bank of San Francisco Mary Daly hit newswires on Monday, cautioning that despite the clear signs of the need for rate adjustments, markets shouldn't run too far, too fast with expectations about the size and frequency. Key highlights The time to adjust policy is upon us. It's hard to imagine anything could derail sept rate cut. I don't want to keep making policy tighter, as inflation comes down. The labor market is completely in balance.
The most likely outcome is that we continue to get gradual inflation slowing, and a sustainable pace of labor market growth. It is reasonable to adjust policy at normal cadence if the economy develops as expected. If the economy weakens more than anticipated, we would need to be more aggressive. It is reasonable to adjust policy at normal cadence if the economy develops as expected. If the economy weakens more than anticipated, we would need to be more aggressive.
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