San Francisco Federal Reserve President Daly: The Federal Reserve does not need to be "preemptive" and should observe the impact of Trump's policies
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Mary Daly, President of the San Francisco Federal Reserve, stated that the U.S. economy is in good shape and the Federal Reserve does not need to respond quickly to the policies of the Trump administration. She emphasized that there are many uncertainties at present, and preemptive actions should not be taken in decision-making. Daly pointed out that the task of bringing the inflation rate down to 2% is not yet complete and she will do her utmost. She mentioned that the policies of the Trump administration may have an impact on the economy, but it is currently unclear and requires observation of their net effects
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