Reuters Exclusive: Fed’s Daly – Two More U.S. Rate Hikes a ‘Very Reasonable’ Projection, June 23, 2023

President Daly discussed her current economic outlook with Reuters’ Ann Saphir. “It is, in my judgment, prudent policy to slow the place of policy as you near the destination,” she emphasized. 

The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.