Fed's Daly says it can take time to assess economy, policy changes
ReutersFeb 4, 2025 8:25 PM
Feb 4 (Reuters) - The Federal Reserve can take time in assessing its next interest rate move to study incoming economic data and the impact of any tariff, immigration and other policy shifts made by the Trump administration, San Francisco Fed President Mary Daly said on Tuesday.
"Uncertainty is not paralysis. It just means you have to watch and be careful and thoughtful as you navigate the information we have," Daly said at a panel discussion in California. "That's how I'm approaching 2025 as a policymaker. ... We can take our time to look at what's coming in, both on the economy and any policy changes" as the central bank decides on further interest rate cuts.
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