Fed's Daly: In the US, there's exceedingly strong investment growth
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Don’t see any signs of lack of economic resiliency, despite above-target inflation That’s also a good sign for U.S. economy Labor market is stabilized Inflation has risen on tariffs, oil price shock Oil prices have come down, hope for relief U.S. monetary policy is slightly restr
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4 itemsFed's Daly: Policy is in a good place and we are prepared to respond either way
Fed' Daly: Committed to bringing inflation back to Fed's 2% target
The desk interprets San Francisco Fed President Mary Daly's recent comments as a reaffirmation of the Fed's commitment to achieving its 2% inflation target, despite current geopolitical tensions. Per the full note [source], Daly emphasized that monetary policy remains slightly restrictive, which should help contain inflation, particularly if the situation in Iran stabilizes. This dovetails with the views of other Fed officials, such as Neel Kashkari, who also indicated that inflation is still too high. The market will be closely watching inflation data and any shifts in Fed rhetoric as potential catalysts for movement.