San Francisco Federal Reserve President Mary Daly on Wednesday said it’s unlikely inflation will fall to 2 percent this year, but she does expect it to start dropping and to be at the Fed’s 2 percent goal in five years. “There’s just too many supply chain bottlenecks, we’re already through the first quarter, China’s got COVID we’ve got the war in Ukraine, so I don’t think we are going to get 2 this year, but I do think we are going to start coming down,” Daly said after a speech at the University of Nevada in Las Vegas. ...
Source: https://www.theepochtimes.com/feds-daly ... 16379.html
Fed’s Daly Sees US Inflation at 2 Percent Goal in 5 Years
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Fed’s Daly Sees US Inflation at 2 Percent Goal in 5 Years
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