Fed's Daly Says Does Not See Job Market Creating Much Inflation Pressure; Longer Run Inflation Expectations Are Well Anchored; Fed Should Not Take Stable Inflation Expectations For Granted; The Fed Is Facing Different Types Of Risks When It Comes To Setting Rate Policy; Completely Supportive Of Holding Rates Steady In July; Fed Still Needs To Gather Data To Set Future Policy Move
https://www.frbsf.org/news-and-media/events/2026/07/mary-c-daly-esri-international-conference/
A Federal Reserve leader said the job market isn't pushing prices up too much, and people still trust that prices will stay stable. This helps the Fed decide to keep interest rates (the cost of borrowing money) steady for now while they watch for more clues.
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