San Francisco Fed President Mary Daly on how the central bank is trying to 'change the pipeline' of economists
President Mary Daly says curbing high inflation is necessary not just to sustain the economic expansion -- it can also fulfill the central bank’s goal of ensuring broad employment gains across different parts of the population.
Daly made the comments as part of a wide-ranging interview with Michael McKee during the Bloomberg Equality Summit on Wednesday, where she both a 50 basis-point interest-rate hike and a decision to shrink the balance sheet could be warranted at the Fed’s next meeting in May, depending on economic data in coming weeks.
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