Reported 8 months ago
San Francisco Federal Reserve President Mary Daly emphasized the importance of the Federal Reserve exercising caution as it works on controlling inflation, noting the rising risk of unemployment. Daly stated that the Fed needs to focus on fully restoring price stability without causing disruptions to the economy, mentioning that addressing inflation is not the only challenge. She highlighted the need for policy to be flexible and ready for different scenarios to balance the risks of high inflation and potential unemployment.
Source: YAHOO