San Francisco Fed president Mary Daly: We want to finish the inflation fight [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Listen and subscribe to Opening Bid on Apple Podcasts Spotify , or wherever you find your favorite podcasts. The market is spooked by an inflation-concerned Fed not smashing the pedal down to slash rates and appease bullish investors. The vibe is not lost on San Francisco Fed president Mary Daly, seen often as a policy dove who's a voting member on the FOMC this year. "Well, it was a close call, frankly, and it took a lot of deliberation as it often does with myself and my team, and then also with the FOMC participants. Ultimately, I decided that it was appropriate to reduce [interest rates] 25 basis points — that will be 100 basis points of recalibration. And I see that as right-sizing the policy rate level to the economy," Daly said on Yahoo Finance's Opening Bid podcast (video above). Added Daly, "So I see the recalibration period now as completed. We now are back to the time we can make our decisions more slowly. Data-dependent, using the data to affect the incoming forec
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