San Francisco Federal Reserve Bank President Mary Daly on Monday said the U.S. economy has a lot of momentum, and said the central bank can raise interest rates to where they are no longer stimulating economic growth without starting a recession. “We really have a strong economy,” Daly said in an interview on Fox News. “I think that we can weather this storm, get the interest rate up … price stability restored and still leave Americans with jobs [a plentiful] and with growth expanding as we expect it to.” ...
Source: https://www.theepochtimes.com/feds-daly ... 86532.html
Fed’s Daly Says She Does Not Expect a Recession
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Fed’s Daly Says She Does Not Expect a Recession
"America needs a brushfire, a moral and spiritual brushfire. And brushfires burn from the bottom up." ~ Bob Woodson