Fed’s Daly Says Policy in Right Place to Further Cool Inflation

Federal Reserve Bank of San Francisco President Mary Daly says monetary policy is in the right place right now to continue to cool inflation and support the labor market.

• Daly says inflation expectations are well anchored, “so that gives me some sense we’ve got policy in the right place and we have more work to do but we don’t want to be so committed to one point of view or another that we end up behind or over our skis,” Daly says Thursday in a moderated conversation in San Francisco
• Daly reiterates that businesses are cautiously optimistic, reporting strong consumer ...