Daly, Mary C
Federal Reserve Isn’t Likely to Change Course After Ukraine Invasion
Federal Reserve officials are turning a wary eye to Russia’s invasion of Ukraine, though several have signaled in recent days that geopolitical tensions are unlikely to keep them from pulling back their support for the U.S. economy when the job market is booming and prices are climbing rapidly. Stock indexes are swooning, and the prices […]
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Fed Officials Make It Clear: This Time Is Different
Federal Reserve officials are preparing to pull back their economic help as inflation remains stubbornly high and the labor market swiftly heals, and they are signaling clearly that the last business cycle is a poor template for what comes next. During the economic expansion that stretched from the global financial crisis to the start of […]
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Lingering Virus, Lasting Inflation: A Fed Official Explains Her Pivot
SAN FRANCISCO — Mary C. Daly was in line behind a woman in her neighborhood Walgreens in Oakland, Calif., this fall when she witnessed an upsetting consequence of inflation. The shopper, who was older, was shuffling uncomfortably as the clerk rang up her items. “She starts ruffling in her pockets, and in her purse,” Ms. […]
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Inflation Worries Dominated the Federal Reserve’s Last Meeting
Worries about inflation dominated the Federal Reserve’s November policy meeting, with some policymakers suggesting that the central bank should move more quickly to reduce its bond-buying program in order to give it flexibility to raise interest rates sooner if necessary, minutes from the Fed’s November meeting showed. The Fed has been buying $120 billion in […]
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