The Federal Reserve must 'exhibit care' as it aims to finish the job of bringing inflation under control, San Francisco Fed President Mary Daly said on...
San Francisco Federal Reserve President Mary Daly speaks with reporters after a speech at the Commonwealth Club in San Franciso
Reducing inflation further will likely require restraining demand, she said, and while so far the unemployment rate - now 4% - remains below long-run sustainable levels, "future labor market slowing could translate into higher unemployment." To avoid that, she said, the Fed must be both "vigilant and open."
And, she said, "if we continue to see gradual declines in inflation and a slow rebalancing in the labor market, then we can normalize policy over time, as many expect." Rep. Ronny Jackson was reportedly nicknamed "Candyman" for how he doled out medication during his time in the White House.
Unemployment The Federal Reserve San Francisco Price Stability Labor Market Inflation Data
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed's Mester: Mortgage bond sales should remain option for FedAs she heads toward retirement at the end of the month, Federal Reserve Bank of Cleveland President Loretta Mester still believes the central bank needs to...
Read more »
'No crystal ball' into when Fed will cut rates: Boston Fed Pres.Yahoo Finance Reporter Jennifer Schonberger sits down with Boston Fed President Susan Collins for an exclusive interview to discuss the potential for rate...
Read more »
Fed has had no rate cut 'opportunity' in 2024: Fmr. Fed Pres.Amid the lingering uncertainty surrounding whether the Federal Reserve will cut interest rates, markets are grappling with the question of whether such a...
Read more »
Fed 'dot plot' has 'enormous' utility: Fmr. Dallas Fed pres.The Federal Reserve has left interest rates unchanged as inflation continues to cool. Former Dallas Federal Reserve Bank president and Goldman Sachs Vice...
Read more »
Fed's Mester: Fed statements would benefit from some added lengthThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Fed's Mester: Fed statements would benefit from some added lengthExplore stories from Atlantic Canada.
Read more »