2023-05-22 19:59:00
© Archyde.com Fed member Daley makes strong comments on monetary policy
Arabictrader.com – Today, Monday, US Federal Reserve member Mary Daly made the following points:
- It is wise to refrain from commenting on the US Federal Reserve’s policy actions.
- I refuse to say what the US Federal Reserve should do at the June meeting.
- I want to know if monetary policy tightening is affecting the economy.
- Bank pressures are calm, and banks are in strong shape.
- The US Federal Reserve must now rely heavily on economic data.
- There is still a lot of data to get before June.
- Tighter credit terms might be like raising the interest rate once or twice.
- The US Federal Reserve should watch the slowing economy
- Inflation expectations are well established
- The FOMC’s decision to meet in June would be wiser.
- The global tightening cycle slowed activity less than expected.
- Pulling the balance sheet of the US Federal Reserve is working effectively.
- I see some volume of slowdown in the labor force market.
- The US Federal Reserve’s outlook is only good.
- It is not surprising that we see some credit problems increasing for some Americans.
- It is reasonable for unemployment to rise above 4% because historically it is difficult to achieve the target of inflation and unemployment below 4%.
It is noteworthy that a member of the US Federal Reserve in St. Louis, James Bullard, said on Monday, earlier, that the US Federal Reserve wants to fight inflation, especially since the labor market is still strong, adding that the interest rate should rise more this year, perhaps by 50 basis points. .
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