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MNI BRIEF:Daly Eyes Global Trends To Avoid Fed Over-Tightening

(MNI) OTTAWA
(MNI)

Inflation remains the major problem to tackle, San Francisco Fed president says.

San Francisco Fed President Mary Daly said Tuesday she's watching for strains in global economies and markets to ensure U.S. monetary policy doesn't become too restrictive, while noting inflation remains the dominant problem.

“We have to acknowledge and understand the impact that raising the interest rate or dollar appreciation against other currencies has on global growth, and on global financial conditions,” she said in answering an audience question about potential fallout from a stronger U.S. dollar.

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San Francisco Fed President Mary Daly said Tuesday she's watching for strains in global economies and markets to ensure U.S. monetary policy doesn't become too restrictive, while noting inflation remains the dominant problem.

“We have to acknowledge and understand the impact that raising the interest rate or dollar appreciation against other currencies has on global growth, and on global financial conditions,” she said in answering an audience question about potential fallout from a stronger U.S. dollar.

Keep reading...Show less