Daly: Fed trying to lower inflation without slowing economy

  • Comments by SF Fed President Mary Daly on Newsy’s morning radio show

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Friday 15/07/2022 | 14:39 GMT-0

07/15/2022 | 14:39 GMT-0

  • The U.S. economy is strong and consumers continue to spend
  • The labor market remains strong
  • Inflation is too high
  • The Fed is trying to lower inflation without slowing the economy
  • Don’t worry about overcooking things on rate hikes
  • We recall support for the economy
  • The July FOMC will be “a good discussion”
  • UMich data on consumer inflation expectations was ‘a good thing’
  • We are starting to see green shoots of hope forming in the housing market
  • I don’t have a recession at the top of the list of possible outcomes
  • Now it’s about getting inflation down
  • Campsites and restaurants are crowded

We heard from Daly on Wednesday night when she said her preferred response was a 75 basis point rate hike, but 100 basis points was possible.

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