FILE PHOTO: San Francisco Federal Reserve President Mary Daly reacts at the Los Angeles World Affairs Council Town Hall, Los Angeles, California, U.S., October 15, 2019.
“Hitting or exceeding 2 percent inflation for a few months does not mean victory,” Daly said in remarks prepared for delivery at a virtual Arizona State University luncheon.
“To fully achieve the goal of price stability, we need to see a sustained period of moderately above-target inflation.
And it will be tempting, as time passes, to think that monetary policy has done all that it can,” Daly said.
But, she said, “even when progress is gradual the central bank can, with commitment, bring inflation sustainably to target.”
Mary Daly, Ann Saphir, ” Daly, “, ”
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