Fed's Daly Sees No Urgent Rate Hike Need as Treasury Yields Surge
Updated
Updated · Bloomberg · Aug 20
Fed's Daly Sees No Urgent Rate Hike Need as Treasury Yields Surge
1 articles · Updated · Bloomberg · Aug 20
Summary
Mary Daly said the Federal Reserve does not face an urgent need to raise rates despite a sharp rise in US Treasury yields.
Bloomberg Television quoted the San Francisco Fed president as saying the Treasury market signals policy is in a good place and does not show Fed credibility at risk.
Daly also pushed back on calls for preemptive tightening, saying she sees little evidence that a hike is an immediate problem the Fed needs to solve.