Fed's Daly: The economy is in a very good place

  • Comments from the San Francisco Fed President
Mary Daly

The Fed blackout is over and now we get to hear every Fed member says a different version of "wait and see".

  • There is continued momentum in the economy though there is uncertainty
  • Fed can take its time to look at data and policy changes
  • Business contacts are optimistic
  • The Fed has not finished the job on inflation yet
  • The Fed has promised 2% inflation and will dedicate itself to that
  • The Fed is in a good position to wait and see

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