Fed's Daly says she sees inflation spurt as being transitory

Comments from the SF Fed President

• 2.4%-2.6% inflation would equate to 'high' reading
• 'A little inflation would be good for us'
• Where FOMC has positioned our policy is perfect
• Tapering before changing Fed funds rate is the best order but 'we are a long way from doing it'

It's safe to say that Daly is fully on board with Powell's plan on rates.