12/2/2021, 6:13 PM (Source: TeleTrader)
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Daly: Fed needs to start planning for interest rate hike

San Francisco Federal Reserve President Mary Daly stated on Thursday that the central bank may need to start creating plans for an interest rate hike.

Daly noted that the Fed is currently more responsive to inflation data than it was back in the 70s while saying that the central bank is currently in a balancing act between maintaining price stability and maximum employment.

Daly also said that long turn inflation expectations have remained stable, adding that the interest rate hike won't be above the neutral rate. Lastly, she reiterated comments from her colleagues that tapering should be sped up.

Baha Breaking the News (BBN) / OL