The Federal Reserve can make more reductions as projected earlier but policymakers should wait for more clarity regarding trade and other policies, Federal Reserve Bank of San Francisco President Mary Daly said on Friday.
U.S. inflation is moving closer to the 2 percent goal, but "we aren't there yet", Daly said in a post on the professional networking platform LinkedIn. The risks to inflation are elevated compared to a year ago, she pointed out.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.