Fed’s Daly on Rate Hikes, Inflation, Policy Coordination on October 5, 2022

“We’re data dependent. When the data shows what we need to see, then we will downshift,” Daly said Wednesday in an interview at Bloomberg headquarters in New York.

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.