San Francisco Fed President Mary Daly said Fed is “nowhere near almost done”, with inflation. “We have made a good start and I feel really pleased with where we’ve gotten to at this point.”
“It really would be premature to unwind all of that and say the job is done,” she said. “I also think that we’ve been with this high inflation for a while, and really getting too confident that we’ve already solved the problem,” Daly said, adding that the Fed needs to “keep committed until we actually see it in the data.”
