Fed's Daly sees no case for rate hike this year: WSJ interview
Reuters
Published Feb 15, 2019 02:47PM ET
Fed's Daly sees no case for rate hike this year: WSJ interview
SAN DIEGO (Reuters) - The Federal Reserve probably will not need to raise U.S. interest rates this year, given a slowdown in economic growth and muted inflation, San Francisco Fed President Mary Daly told the Wall Street Journal in an interview published on Friday.
“If the economy evolves as I just said I expect it to -- 2 percent growth, 1.9 percent inflation, no sense that (price pressures are) going up, no sense that we have any acceleration -- then I think the case for a rate increase isn’t there” this year, Daly said, according to the paper.
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Written By: Reuters
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