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What really is the situation with FX traders?

Fed's Daly sees U.S. inflation at 2% goal in five years

WikiFX

| 2022-04-21

Abstract：San Francisco Federal Reserve President Mary Daly said it's unlikely inflation will fall to 2% this year, but she does expect it to start dropping and to be at the Fed's 2% goal in five years.

2022-04-20T163745Z_1_LYNXNPEI3J0P4_RTROPTP_3_USA-FED-DALY.jpeg

San Francisco Federal Reserve President Mary Daly on Wednesday said it's unlikely inflation will fall to 2% this year, but she does expect it to start dropping and to be at the Fed's 2% goal in five years.

“There's just too many supply chain bottlenecks, we're already through the first quarter, China's got COVID we've got the war in Ukraine, so I don't think we are going to get 2 this year, but I do think we are going to start coming down,” Daly said after a speech at the University of Nevada in Las Vegas.

Asked about a New York Fed survey that showed households expect inflation to be at 3.7% in three years' time, she said, “My own view is that we would do policy adjustments so that five years from now we are more on 2% not on something north of 3 (%).” Please download WikiFX for more forex news.

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FED Inflation