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MNI BRIEF: Fed's Daly Sees No Need To 'Push Economy Down'

(MNI) WASHINGTON
USPolicy NewsHomepageCentral Bank NewsFederal ReserveBriefStoryRegionNorth America

Federal Reserve Bank of San Francisco President Mary Daly said Thursday she sees no need to weaken the U.S. economy to hit the Fed's inflation target.

"There's a sense the economy's in a more stable footing. So the question is do we have to really push the economy down and I don't see evidence of that just yet," she said at the Mercatus Center at George Mason University.

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Federal Reserve Bank of San Francisco President Mary Daly said Thursday she sees no need to weaken the U.S. economy to hit the Fed's inflation target.

"There's a sense the economy's in a more stable footing. So the question is do we have to really push the economy down and I don't see evidence of that just yet," she said at the Mercatus Center at George Mason University.

Keep reading...Show less