Fed's Daly: Too early to say we have declared victory on inflation – by eren_fxstreet Fed CentralBanks
In an interview with CNBC on Thursday, San Francisco Federal Reserve President Mary Daly said it was too early to declare victory on inflation, as reported by Reuters."We still have an economy with a lot of momentum.""Policy effects need to go through the system."
"As inflation starts coming down, we can start lowering the nominal rate to bring real rates down to neutral level.""Right now, all of my attention is on decidedly if we need to hike more and how much more we need hike in order to really get inflation heading down to 2%."These comments failed to help the US Dollar find demand. As of writing, the US Dollar Index was down 0.55% on the day at 100.00.
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