Fed’s Daly sees inflation data improving, but says not at target yet

Federal Reserve Bank of San Francisco President Mary Daly participating in a ‘fireside chat’ at a conference:

• Recent data has been really good
• Economy is not there
  yet on inflation
• Labor market is
  coming back into balance
• Risks on both side
  for monetary policy choices
• Fed remains data
  dependant for monetary policy
• Preemptive or urgent
  policy actions risk making mistakes
• We are not at price
  stability yet

Imagine sitting down with someone for a ‘fireside chat’ and all you get is a discussion on the Federal Reserve? Oh, wait … that would be me 😉

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