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

Federal Reserve

Federal Reserve Bank of San Francisco President Mary C. Daly participates in the FOMC meeting in Washington, D.C., held on January 30-31, 2024.

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.

The economy is still enjoying positive supply improvements, which AI could compound, and a positive labor supply boost from increased participation among prime-age workers, she added. (See: MNI INTERVIEW: Demand Boom Keeps Fed Patient For Longer-Koenig)

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
USPolicy NewsHomepageCentral Bank NewsFederal ReserveBriefStoryRegionNorth America
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
USPolicy NewsHomepageCentral Bank NewsFederal ReserveBriefStoryRegionNorth America

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