FED'S DALY SHARES OUTLOOK ON POTENTIAL FED RATE CUTS
San Francisco Federal Reserve President Mary Daly stated on Friday that the current stance of monetary policy is appropriate, with the risks to the Fed’s goals of full employment and stable prices being fairly balanced.
Highlights from Daly’s remarks:
- The economy and current policy are both in a strong position.
- Worries about tariffs driving up inflation aren’t as significant as they were initially.
- There are multiple scenarios for how much of the tariff costs will reach consumers.
- Economic conditions are gradually moving toward a point where a Fed rate cut could become warranted.
- CEOs remain cautiously optimistic regarding tariffs.