Fed's Daly: Want to get rates to about 2.5% at least, inflation is top of mind

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Fed's Daly: Want to get rates to about 2.5% at least, inflation is top of mind
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Fed's Daly: Want to get rates to about 2.5% at least, inflation is top of mind By Frank_Macro Fed Inflation

of her mind, reported Reuters. The real neutral rate is about 0.5%, meaning the nominal rate is around 2.5%, Daly noted, adding that some increase in the policy rate to above the neutral rate in 2023 is likely to be required.

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