President of the San Francisco Federal Reserve branch Mary Daly speaking in an interview on Fox.
- says inflation is too high
- says the Federal Reserve is committed to controlling inflation
- the Fed will raise rates to a neutral point, where they are neither stimulating nor stifling the economy
- Fed can hike will leaving Americans with employment and an expanding economy
Daly with confidence! Unfortunately these officials often have very misplaced levels of their own competence and hence confidence. It was not very long ago at all they were all shrugging off inflation as merely transitory. This delayed them taking action, and now means they have to hike faster and harder than otherwise.