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post: SF FED'S DALY (VOTER) Q&A/MERCATUS: INFLATION IS 'GOING TO BE A BUMPY ROAD;' FAR TOO EARLY TO DECLARE VICTORY #Daly #FederalReserve post: FED'S DALY: THE LAST THREE MONTHS HAS LEFT CONSIDERABLE UNCERTAINTY ABOUT THE NEXT FEW MONTHS OF INFLATION. post: DALY: A RANGE OF SCENARIOS THE FED IS FACING RIGHT NOW post: Daly: Still See a “Really Healthy” Labor Mkt and Inflation That is Too High post: ?*DALY: POLICY RESTRICTIVE, MAY TAKE MORE TIME TO LOWER INFLATION
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At the May FOMC meeting, Federal Reserve Chair Jerome Powell suggested the Bank's monetary policy stance was “in a good place”, but it is obvious that officials are concerned about the recent lack of progress on inflation. Rate hikes remain unlikely, but the Fed is prepared to leave interest rates at current levels until that progress is achieved or the ...