'The thing that would be a problem is if we decided that we wanted to call it done we'd say we're done, we say definitely one more, when we actually don't know,' she said in an event held in coordination with Greater Phoenix Leadership. The Fed at its policysetting meeting this week held the policy rate steady in the 5.25%-5.50% range, but also published projections showing that most policymakers expect one more quarter-point rate hike by the end of this year. Daly did not say on Friday whether she was among them, but did say she is still focused on the 'heartbreaking' impact of high inflation, and high prices, on household budgets.
FILE PHOTO: The U.S. Federal Reserve building in Washington, D.C.
"The thing that would be a problem is if we decided that we wanted to call it done we'd say we're done, we say definitely one more, when we actually don't know," she said in an event held in coordination with Greater Phoenix Leadership. "Patience is a prudent strategy."
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