PRIMER - Today's Fedspeak features Fed's Daly
Investors monitor Fed's Daly's Bloomberg TV interview for signs of shift from gradual to aggressive rate hikes if inflation proves broad-based, amid internal Fed debate over policy restrictiveness.
News detail
13:30BST/08:30EDT: Fed's Daily (2027 voter) gives an interview on Bloomberg TV. Speaking in early August, Daly said she was fully supportive of the July decision to hold rates at 3.5-3.75%, while warning that a scenario of more persistent and broad-based inflation could require aggressive and swift policy action rather than incremental rate increases. Daly said she sees supply-driven inflation shocks as likely to be temporary, but is closely monitoring the possibility that price pressures broaden further.
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