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Fed's Daly says she does not expect a recession

Economy May 23, 2022 06:50PM ET

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Fed's Daly says she does not expect a recession

© 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."

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Comments (8)

Co Gonz May 24, 2022 8:33PM ET

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Like inflation was transitory

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Brian Anderson May 23, 2022 10:23PM ET

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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.

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Larry Langley May 23, 2022 10:05PM ET

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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

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Elezabeth Thomas May 23, 2022 9:50PM ET

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These people live in a world of mental health instability; outside common people and really have no clue.

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Steven Kilgore May 23, 2022 7:52PM ET

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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.

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Tom Saltzman May 23, 2022 7:16PM ET

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They didn't see a recession in 2008 either.

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ZS Beck May 23, 2022 7:14PM ET

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Transitory inflation? How about that one?

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Joe James May 23, 2022 6:54PM ET

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why even report this? No FED member will ever say they see a recession immanent

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