Fed's Daly (2027 voter) says AI investment shock has people wondering if it will be inflationary

If the Fed acts too quickly it could prematurely bridle things, if you act too slowly it could be unwelcome for citizens. Does not see any signs of lack of economic resiliency, despite above target inflation. Labour market has stabilised. Infation ahs risen on tariffs and oil price shock. Oil prices have come down, and hopes for relief. Monetary policy is slightlly restrictive. That should help inflation come down. There is a scenario where the Fed has to fight inflation. There is also a scenario where growth does not continue. Can't decide right now, can't give false guidance on rates. If Hormuz situation is resolved , that would be a good thing. Oil back down is good news for the consumers and the economy. Housing inflation has been coming down in the US. Does not want to react quickly when the world is changing quickly. Is a gradulist, wants to take things slowly.