financetom
Economy
financetom
/
Economy
/
Fed 'focused and resolute' on beating inflation, Daly says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fed 'focused and resolute' on beating inflation, Daly says
Mar 6, 2024 10:10 AM

(Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Wednesday said the U.S. central bank is committed to "finishing the job" on attaining price stability, particularly with rising housing costs a key driver of higher inflation.

"This burden has fallen especially harshly on those least able to afford it," Daly said in remarks prepared for delivery at conference in Portland, Oregon on the Community Reinvestment Act. "That is why the Federal Reserve has been so focused and resolute on getting inflation down."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Forex-starved Sri Lanka runs out of cash to buy fuel
Forex-starved Sri Lanka runs out of cash to buy fuel
Feb 21, 2022
Sri Lanka's worsening foreign-exchange shortage has seriously impacted the energy sector, which largely depends on imports for fuel. The fuel shortage has led to long queues at understocked pumps across the country.
Inflation forecast assumes low crude price, warn experts; say BoP situation likely to worsen
Inflation forecast assumes low crude price, warn experts; say BoP situation likely to worsen
Feb 22, 2022
Crude oil prices have spiked overnight and are currently trading at $97 per barrel, owing to the rising geopolitical tensions fuelled by Russia and Ukraine. The US is also working towards removing sanctions on Iran so that oil from that region can enter into the market. To understand the geopolitical premium on crude oil and where it will head in the near future, CNBC-TV18’s Latha Venkatesh spoke to Peter McGuire, CEO, XM Australia, and Samiran Chakraborty, Chief Economist-India, Citi.
US, Europe and others to impose fresh sanctions on Russia for backing Ukraine rebels
US, Europe and others to impose fresh sanctions on Russia for backing Ukraine rebels
Feb 22, 2022
Russian President Vladimir Putin signed decrees recognising two self-proclaimed republics -- Donetsk People's Republic (DNR) and the Luhansk People's Republic (LNR) -- located in the Donbas region of eastern Ukraine. The US soon imposed financial sanctions on the two breakaway republics.
Russia-Ukraine Crisis: Both countries accuse each other of shelling; experts discuss road ahead
Russia-Ukraine Crisis: Both countries accuse each other of shelling; experts discuss road ahead
Feb 18, 2022
Russia has claimed it is pulling back more tanks and armoured vehicles from the Ukrainian border. But tensions continue to simmer between the two countries with both sides accusing each other of shelling. Russia has been denying any plans to attack Ukraine but the United States is refusing to believe Russia's troop pullback claims.
Copyright 2023-2026 - www.financetom.com All Rights Reserved