Daly Says Fed Policy Is in a 'Very Good Place' Right Now

San Francisco Fed President Mary Daly said leaving rates unchanged would still restrain inflation, while both long- and medium-term inflation expectations remain well anchored. The comments reinforce a restrictive policy stance without signaling an immediate shift in rates. Markets may view the remarks as supportive of a steady Fed policy path.

Analysis

San Francisco Fed President Mary Daly said leaving rates unchanged would still restrain inflation, while both long- and medium-term inflation expectations remain well anchored. The comments reinforce a restrictive policy stance without signaling an immediate shift in rates. Markets may view the remarks as supportive of a steady Fed policy path.