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Economic news
06.08.2024

San Francisco Fed president Daly: Policy adjustments will be necessary in the coming quarter

San Francisco Federal Reserve Bank President Daly said on Monday that she believes that policy adjustments will be necessary in the coming quarter given progress on inflation and a clear slowdown in hiring. She added that the extent and timing of the cuts will depend a lot on the incoming information.

The official also reiterated that the Fed's policymakers will do what it takes to ensure achieving both the central bank's goals - price stability and full employment. 

In addition, Daly stressed that the Fed officials will make policy adjustments as the economy delivers the data. 

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