Federal Reserve Bank of San Francisco President Mary Daly stated that inflation remains above the central bank’s target, emphasizing the ongoing challenge of achieving price stability. Speaking on recent economic data, Daly underlined the Fed’s commitment to controlling inflation while avoiding unnecessary disruptions to economic growth.
Daly pointed out that while inflation has moderated, it is still above the 2% target set by the Fed. She reiterated that the central bank’s policy decisions would remain data-driven, focusing on balancing inflation control with fostering a healthy labor market. Daly’s comments come as markets anticipate the Fed’s next moves, with interest rate policies in the spotlight amid persistent economic uncertainty.
