Fed's Daly says "work to achieve a soft landing is not fully done"

  • "Resolute to finish that job."

Federal Reserve Bank of San Francisco President Mary Daly with Twitter posts:

fed daly twitter 23 October 2024 2

More:

  • We must stay vigilant and be intentional, continually assessing the economy and balancing both of our mandated objectives: fully delivering on 2% inflation while ensuring that the labor market remains in line with full employment. That is a soft landing.
  • This is only part of what people need. What households, businesses, and communities really want is a durable economy, with sustained growth, a good labor market, and low inflation. A durable and sustained expansion allows everyone to thrive, and history tells us it is possible.
  • The work to achieve a soft landing is not fully done. And we are resolute to finish that job. But that cannot be all we’re after. Ultimately, we must strive for a world where people aren’t worried about inflation or the economy. That is my version of victory.

Daly links to full remarks here.

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