As President Donald Trump initiated a tariff plan that many critics label stagflationary, key figures in the Federal Reserve, including Mary Daly, president of the Federal Reserve Bank of San Francisco, signaled that the central bank might delay further rate cuts.
Daly, speaking at a moderated discussion at Brigham Young University on Tuesday, said she is comfortable with current interest rate levels, reported Bloomberg.
“We cut the interest rate by 100 basis points last year. That puts policy in a good place to stay modestly restrictive …Full story available on Benzinga.com
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