Federal Reserve Bank of San Francisco President Mary Daly said she was “completely supportive” of the decision to hold interest rates steady as the central bank gathers more data about how it should respond to inflation that is well above the 2% target.
Inflation Concerns
Daly stated that the Fed should be “vigilant to watch the information as it comes in, but be very prepared to take action” if needed, in an appearance before an economics conference.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
