Home Fed’s Daly: Shock is planning downward pressure on inflation

Fed’s Daly: Shock is planning downward pressure on inflation

Updated: 7 Jul. 2020 | 20:27

San Francisco Federal Reserve Bank President Mary Daly states that the demand shock is planning downward pressure on inflation.

Key comments

Daly says current employment levels could be commensurate with overall reduced demand in the US economy.
Says the labor market is in better shape than it might be, but nowhere close to where it needs to be.

More to come…

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