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Wallstreetcn
2026.04.10 12:07

San Francisco Fed President Daly (2027 FOMC voter): Bringing inflation down to 2% is extremely important, but doing so at the expense of jobs will put families in distress. The U.S. economic fundamentals are "solid," and the labor market is more stable. The risks for the Federal Reserve in achieving full employment and inflation targets are balanced. It is necessary to observe the progress of conflicts and how businesses pass on price increases. Policy is tight enough to exert downward pressure on inflation, and at the same time, balanced enough to support a stable labor market. Policy is in a good place, giving us more time to observe how conflicts resolve and how oil prices change. High CPI data will not surprise anyone. The real question is whether the ceasefire can last, and if it can, high CPI will become "old news."

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