Fed’s Daly says US central bank still needs to get inflation down
#Federal Reserve #Mary Daly #inflation #interest rates #monetary policy #2% target #services inflation #price pressures
📌 Key Takeaways
- Fed's Daly says inflation still needs to be brought down to 2% target
- Recent inflation data shows some moderation but not enough
- Services inflation remains particularly stubborn
- Fed will keep rates higher for longer until more progress is seen
🏷️ Themes
Monetary Policy, Inflation, Interest Rates
📚 Related People & Topics
Mary Daly
American feminist philosopher and theologian (1928–2010)
Mary Daly (October 16, 1928 – January 3, 2010) was an American radical feminist philosopher and theologian. Daly, who described herself as a "radical lesbian feminist", taught at the Jesuit-run Boston College for 33 years. Once a practicing Roman Catholic, she had disavowed Christianity by the early...
Inflation
Devaluation of money's purchasing power
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation...
Monetary policy
Policy of interest rates or money supply
Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and price stability (normally interpreted as a low and stable rate of inflation). Further purposes of a monetary policy ...
Federal Reserve
Central banking system of the US
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to th...
Interest rate
Percentage of a sum of money charged for its use
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed. Interest rate periods are ordinarily a year and are often annualized when not. Alongside interest rates, three other variables determine total interest: principal sum, compounding f...
Federal Reserve Bank of San Francisco
Member Bank of Federal Reserve
The Federal Reserve Bank of San Francisco (informally referred to as the San Francisco Fed) is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus ...
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