More from Fed’s Daly – not worried about reaccelerating inflation, more so on jobs market

Federal Reserve Bank of San Francisco President Mary Daly

Earlier:

• Fed’s Daly: One or two more Fed rate cuts likely this year

More now:

• I am not worried about accelerating inflation
• I was more worried about injuring the labor market
• Will watch inflation data carefully
• Little evidence that balance sheet expansion has much of a direct effect on inflation
• We are coming near the inflation target but not satisfied, no victory declared
• Balance sheet is coming down to more normalised levels.

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