{"id":59320,"date":"2022-01-31T21:38:10","date_gmt":"2022-01-31T17:38:10","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=59320"},"modified":"2022-01-31T21:39:17","modified_gmt":"2022-01-31T17:39:17","slug":"daly-feds-qt-could-still-support-us-economy","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/daly-feds-qt-could-still-support-us-economy\/01\/31\/market-updates\/","title":{"rendered":"Daly: Fed&#8217;s QT Could Still Support US Economy"},"content":{"rendered":"\n<p>Federal Reserve Bank of San Francisco President Mary Daly on Monday noted that if the Federal Funds rate was to reach 1.25% by the end of the year, that would be quite a bit of tightening but still supportive of the economy. <br><br>Seemingly, Daly is talking about the possibility of five 25bps rate hikes in 2022 to take the Federal funds target range to 1.25-1.50% by the year&#8217;s end. The fact that she points out that, even after five hikes, the level of interest rates would still be economically supportive could be seen as a nod of approval by Daly to market expectations for five hikes this year. <br><br><strong>Additional Quotes:<br><\/strong><br>&#8220;Our two goals feel somewhat in tension.&#8221;<br><br>&#8220;Inflation is too high, and labor market for disadvantaged groups is stronger than it has been in a long time.&#8221;<br><br>&#8220;It&#8217;s time to adjust the policy rate to get the economy on a sustainable path.&#8221;<br><br>&#8220;I don&#8217;t want to be too quick to declare victory on full employment.&#8221;<br><br>&#8220;I am completely comfortable with making interest rate adjustments in 2022, but open about 2023.&#8221;<br><br>&#8220;You could pretty much use any averaging period you want and the Fed would be meeting 2% inflation on average.&#8221;<br><br>&#8220;We still have an aging population, slower productivity growth and lower neutral rate of interest that are putting downward pressure on inflation in the medium run.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Bank of San Francisco President Mary Daly on Monday noted that if the Federal Funds rate was to reach 1.25% by the end of the year, that would be quite a bit of tightening but still supportive of the economy. Seemingly, Daly is talking about the possibility of five 25bps rate hikes in &hellip;<\/p>\n","protected":false},"author":13,"featured_media":55407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[7903,6853,6885,6868,6987,7986,8529,6858],"class_list":["post-59320","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-economic-growth","tag-employment","tag-fed","tag-fomc","tag-inflation","tag-mary-daly","tag-quantitative-tightening","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=59320"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59320\/revisions"}],"predecessor-version":[{"id":59324,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59320\/revisions\/59324"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/55407"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=59320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=59320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=59320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}