There is no need for the US Fed to cut policy in a good place

Federal Reserve Bank of San Francisco President Mary Daly reiterated there’s no urgency to adjust interest rates. Daly: Solid economic growth, strong labor market and still-elevated inflation. Daly says policy in a good place, pointing to solid economic growth and strong job market.

Fed’s Daly says No Urgency to cut, Policy in a good place. Daly: Solid economic growth, strong labor market, still-elevated inflation. Daly reiterates there's no urgency to adjust interest rates. Daly points to solid economic growth and strong job market.

San Francisco Federal Reserve Bank President Mary Daly says there is no urgency to cut U.S. interest rates. Daly: "The worst thing to do is act urgently when urgency is not required" Daly is one of 19 US central bankers who set monetary policy. Daly is at the Stanford Institute for Economic Policy Research.