(Finance) – “There is no doubt that things are better. But progress does not mean victory and we, the FOMC, must offer more than a few fleeting moments of relief. Our goals are sustainable price stability and full employment, working together in an equilibrium that will endure. There is still a lot of work to do to keep this commitment.” He said this Mary Dalypresident of the San Francisco Federal Reserve, in a speech at the National Association for Business Economics in Washington DC.
“The inflation progress has been notable“said Daly, highlighting that the series of positive data “is unequivocally good news and real progress”.
“The economy is healthy. Price stability is in sight. But there is still a lot of work to do – he argued – To finish the job it will take courage. We will have to resist the temptation to act quickly when patience and being ready to respond with agility to the evolution of the economy is necessary.”