San Francisco Federal Reserve President Daly

Speaking at a Stanford University event, early comments here

More:

  • We are very near neutral level of rates
  • Says Fed does not want balance sheet policy to be working at cross purposes with rate policy
  • US economy is restraining itself, and faces headwinds, so need patience on rates
  • She wants patience on rates until she sees inflation rising faster

Sry, but there is only one true Daley

San Francisco Federal Reserve President Daly