- The Fed can reduce demand, which is about half of the cause of inflation
- Supply is still very short, made shorter by the war in Ukraine
- The Fed can address inflation, at least partly
- We will have slower growth and perhaps below 2% but it won't be negative
- Expect unemployment rate to rise slightly but not like in a recession
- We are tapping on the brakes to get a more suitable pace
Daly is speaking in an interview on LinkedIn.