Daly Says Fed Needs to Guard Against Inflation 'Drift'
Federal Reserve Bank of San Francisco President Mary Daly cautioned that the Fed must remain vigilant against a gradual upward drift in inflation, even as longer-term inflation expectations have not yet triggered alarm. Speaking at an event in Tokyo, Daly emphasized the importance of proactive monitoring to prevent inflation expectations from becoming unanchored.
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Daly Says Fed Needs to Guard Against Inflation 'Drift'
Federal Reserve Bank of San Francisco President Mary Daly cautioned that the Fed must remain vigilant against a gradual upward drift in inflation, even as longer-term inflation expectations have not yet triggered alarm. Speaking at an event in Tokyo, Daly emphasized the importance of proactive monitoring to prevent inflation expectations from becoming unanchored.
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