San Francisco Fed President Mary Daly said the FOMC has appropriately reduced policy rates by a total of 50bps this year as part of a “prudent risk management approach”, noting that the adjustments provide “needed insurance” for the labor market while keeping policy “modestly restrictive” to further curb inflation. In an essay published today, Daly […]The post Fed’s Daly: Policy must avoid trading one mistake for another appeared first on Action Forex.