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Posts tagged Mary Daly
Dovish Daly? - November 13, 2018

In a recent speech, San Francisco Fed President Mary Daly gave hope to those worried that the Fed was on a set path of hiking. First she assured the crowd that the Fed was data dependent, ignoring its horrendous record of forecasting problems and the massive transmission lag. Second she highlighted benign inflation numbers. Though inflation is still contained, recent job data indicates that wage inflation is on its way.

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