Below are some key takeaways from San Francisco Fed President Mary Daly remarks delivered to a regional economic development group in Dallas, Texas.
- U.S. economic expansion seems ‘destined’ to become longest on record.
- Labor market is booming, United States at or beyond full employment.
- Sees inflation rising to a bit above 2 pct over the next year.
- Economic conditions merit gradual normalization of monetary policy.
- Fed rate hikes not on autopilot.
- Sees upside potential for U.S. workforce participation, cites parental leave policies.
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