Mary Daly, President of the Federal Reserve Bank of San Francisco
- Labor market in solid shape
- Workers are worried about inflation
- Won’t get to 2% inflation this year
- Really making progress on inflation
- Fed is resolute to get job on inflation done
- Bond yields show markets trying to process uncertainty about policy and economy
- Fed policy in a good place
- US economy in a good place
- Deregulation and tax relief usually a net positive for growth
- Don’t know impact of immigration policy
- On tariffs don’t know scope, size or timing; premature to speculate how it will work out
- Businesses say they are continuing to do what they do, but taking fewer risks
- Businesses have not put their pencils down
- Fed is ‘wait to see’
Daly is speaking in a “fireside chat” on the economy before the Oakland Rotary Club, in Oakland, California.
This article was written by Eamonn Sheridan at www.forexlive.com.
