Fed’s Daly says “work to achieve a soft landing is not fully done”

Federal Reserve Bank of San Francisco President Mary Daly with Twitter posts:

More:

• We must stay vigilant and be intentional, continually assessing the economy and balancing both of our mandated objectives: fully delivering on 2% inflation while ensuring that the labor market remains in line with full employment. That is a soft landing.
• This is only part of what people need. What households, businesses, and communities really want is a durable economy, with sustained growth, a good labor market, and low inflation. A durable and sustained expansion allows everyone to thrive, and history tells us it is possible.
• The work to achieve a soft landing is not fully done. And we are resolute to finish that job. But that cannot be all we’re after. Ultimately, we must strive for a world where people aren’t worried about inflation or the economy. That is my version of victory.

Daly links to full remarks here.

This article was written by Eamonn Sheridan at www.forexlive.com.