Fed's Daly: Case for a 50 bps rate hike in May is now “complete”, can also make announcement on balance sheet By Frank_Macro Fed InterestRate Inflation
San Francisco Fed President and FOMC member Mary Daly on Wednesday said that the case for a 50 bps rate hike in May is now "complete" and that the Fed can also make an announcement on the reduction of its balance sheet at the next meeting, reported Reuters.
The Fed expects US economic growth to slow below trend, but not tip into recession, and even if it did, it would be mild and short, she noted. Moreover, Daly said that its premature to decide on how restrictive policy may need to get and the Fed will need to evaluate inflation and supply chains. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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