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 >
Federal Reserve Watch for March 25: Fed Officials Emphasize Cautious Approach to Easing Policy
Federal Reserve Watch for March 25: Fed Officials Emphasize Cautious Approach to Easing Policy
Mar 25, 2024
02:41 PM EDT, 03/25/2024 (MT Newswires) -- Atlanta Fed President Raphael Bostic (voter) said that he now expects only one rate reduction in 2024, compared with the two cuts that he had expected a few months ago, due to stronger-than-expected data and a later start to rate reductions. Fed Governor Lisa Cook (voter) said that a cautious approach to easing...
US Dollar Falls Early Tuesday Ahead of Busy Data Release Schedule
US Dollar Falls Early Tuesday Ahead of Busy Data Release Schedule
Mar 26, 2024
07:49 AM EDT, 03/26/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday ahead of busy data release schedule that begins with durable goods orders for February and the Philadelphia Federal Reserve's nonmanufacturing index for March, both at 8:30 am ET. Weekly Redbook same-store sales are set to be released at 8:55 am ET, followed...
Factbox-Most brokerages stick by forecast of Fed rate cuts starting in June
Factbox-Most brokerages stick by forecast of Fed rate cuts starting in June
Mar 26, 2024
(Reuters) -Most major brokerages stuck by their expectations that the Federal Reserve will start lowering interest rates from June after the U.S. central bank left interest rates unchanged at its March 19-20 meeting and maintained its projection of three cuts this year. Fed Chair Jerome Powell said recent inflation readings had not changed the underlying story of slowly easing price...
Daily Roundup of Key US Economic Data for March 25
Daily Roundup of Key US Economic Data for March 25
Mar 25, 2024
02:28 PM EDT, 03/25/2024 (MT Newswires) -- New-home sales slowed to a 662,000 annual rate in February from an upwardly revised 664,000 rate in January, but were up 5.9% from the level in February 2023. The supply of new homes for sale increased 1.3% from January and was 5.9% higher than a year earlier. The median sales price declined to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved