San Francisco Fed President "Additional policy adjustments likely needed to restore price stability"
JH Kim
Summary
- Mary Daly, president of the San Francisco Fed, said there is a high likelihood that additional policy adjustments are needed to achieve price stability.
- Daly said support for the labor market is also an important goal of the Fed, and that this should be pursued alongside inflation easing efforts.
- She explained that the economy is maintaining steady growth, but that both inflation and the labor market still require careful policy responses.
On the 24th (local time), according to the breaking economic news channel Walter Bloomberg, Mary Daly, president of the Federal Reserve Bank of San Francisco, said, "It is highly likely that additional policy adjustments will be necessary to restore price stability."
Daly also said, "Providing the support needed for the labor market is also an important goal of the Fed," and emphasized, "This should be pursued alongside efforts to ease inflation."
He explained the current economic conditions by saying, "The economy is continuing on a stable growth path, but both inflation and the labor market still require careful policy responses."
JH Kim
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