September 27 (Reuters) – San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the US Federal Reserve is “determined” to bring down high inflation but is also doing so “as gently as possible”. want to avoid driving the economy into a downturn.
It’s important, Daly told a symposium co-hosted with Singapore’s Monetary Authority, “to navigate this environment of high inflation as carefully as possible so that we don’t cause longer-term damage to our labor market.”
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Reporting by Ann Saphir; Edited by Christian Schmollinger
Our standards: The Thomson Reuters Trust Principles.
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