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Daly Says Fed Can Hold Rates Steady If Job Market, Inflation Cool Further - BNN Bloomberg

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Federal Reserve Bank of San Francisco President Mary Daly said policymakers can hold interest rates steady if the labor market and inflation continue to cool or financial conditions remain tight.

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Good economic news translating 'into bad market results': StrategistThe U.S. labor market has been constantly at odds with the Fed's monetary policy and goals to contain inflation. 'Even by the Fed's own estimates, according to their summary of economic projections, they believe the unemployment rate's going to increase to 4.1% by the end of this year,' Hennion & Walsh CIO Kevin Mahn tells Yahoo Finance Live, breaking down the economic trade-offs resulting from the Fed's 'higher for longer' interest rate projections. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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