Federal Reserve Bank of San Francisco President Mary Daly stated on Thursday that recent economic data has been encouraging, yet the economy has not achieved its inflation targets.
During a presentation at the Exploring Conventional Bank Funding Regimes in an Unconventional World Conference, she noted improvements in the labor market, suggesting it is returning to balance.
Daly emphasized that the Federal Reserve faces risks regarding monetary policy decisions on both sides while reiterating that the Fed's approach remains data-dependent.
