Fed's Daly: Expects unemployment rise as price of controlling inflation
San Francisco Federal Reserve Bank President Mary Daly poses at the bank's headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/...
May 23, 2023
7:56 AM
San Francisco Federal Reserve Bank President Mary Daly poses at the bank's headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/ NEW YORK, May 22 (Reuters) - Federal Reserve Bank of San Francisco President Mary Daly on Monday said it would be quite surprising for the central bank to get inflation under control without causing some amount of job loss. 'It would be a historical anomaly and quite a feat' to get inflation back to 2% and keep the unemployment rate, last at 3.
Michael S. Derby