Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Fed's Daly says she does not expect a recession

Economy May 23, 2022 06:50PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo

(Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Monday said the U.S. economy has a lot of momentum, and said the central bank can raise interest rates to where they are no longer stimulating economic growth without starting a recession.

"We really have a strong economy," Daly said in an interview on Fox News. "I think that we can weather this storm, get the interest rate up...price stability restored and still leave Americans with jobs aplentiful and with growth expanding as we expect it to."

Fed's Daly says she does not expect a recession
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (8)
Co Gonz
Co Gonz May 24, 2022 8:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Like inflation was transitory
Brian Anderson
Brian Anderson May 23, 2022 10:23PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yet another over-educated out-of-touch blowhard relying on old data to make decisions. Abolish the Fed - one of the worst things to happen to this country.
Larry Langley
Larry Langley May 23, 2022 10:05PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
can't fix inflation with China shutdown and war in Ukraine.what your doing is creating a depression. Don't do what other idiot Feds did because they had the supply chain inside the country when they did it and still screwed up
Elezabeth Thomas
Elezabeth Thomas May 23, 2022 9:50PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
These people live in a world of mental health instability; outside common people and really have no clue.
Steven Kilgore
Steven Kilgore May 23, 2022 7:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yea, just like inflation was transitory lasr year. These folks are supposed to be really smart with every bit of data available to them…. With that said almost every recent earnings/guidance forcast has been bad and layoffs have already started. So to say the econly is really strong seems like more deception to me.
Tom Saltzman
Tom Saltzman May 23, 2022 7:16PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
They didn't see a recession in 2008 either.
ZS Beck
ZS Beck May 23, 2022 7:14PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Transitory inflation? How about that one?
Joe James
Joe James May 23, 2022 6:54PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
why even report this? No FED member will ever say they see a recession immanent
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email