Federal Reserve Bank of San Francisco President Mary Daly said she is not ready to declare victory in the fight against inflation, and that the central bank is still committed to curbing price pressures “as gently as possible.”
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Fed's Daly says she is not sure if need to hold rates, or go higher'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.
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Fed's Daly says she is not sure if need to hold rates, or go higherKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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Fed's Daly says she is not sure if need to hold rates, or go higher(Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Friday said that while the recent drop in inflation and the gradual rebalancing ...
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Feds approve Calgary's Housing Accelerator Fund applicationThe City of Calgary will receive federal funding for new housing builds after its application to the Housing Accelerator Fund was approved.
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Watchdog to probe Toronto policy to direct shelter-seeking refugee claimants to fedsToronto's ombudsman is launching an investigation into the city's decision to deny refugee claimants space in city shelters and direct them to federal programs.
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Air Canada system briefly breached, customer info and flight ops unaffectedMONTREAL — Canada's biggest airline says an unauthorized group briefly breached an internal system linked to the personal information and records of some employees. Air Canada says in a statement today that no customer information was accessed in the cyberattack. The Montreal-based company says flight operation systems and public-facing platforms were unaffected. It says it has contacted people whose information was involved and has notified relevant authorities. With all systems now back in ful
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