Fed’s Daly: Need patience on rates until inflation rises faster


More comments are crossing the wires from the new San Francisco President Mary Daly, courtesy Reuters, now speaking about the Fed’s interest rates outlook.

“We are very near neutral level of rates.

Fed does not 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.

Want patience on rates until she sees inflation rising faster.”

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