President and CEO of the Federal Reserve Bank of San Francisco, Mary C. Daly has stated that there is no reason to alter the course for 50 bps at the next two meetings, adding that the debate between 50 bps-75 bps is not a primary consideration. She also said she still wants to reach a neutral rate of 2.5% by end of the year.
“I’m watching over this year to see how much our move to neutral restrains the economy, along with the repair of supply chains and the fiscal rolloff,” all of which should contribute to easing inflation, she said.has climbed to a fresh 20-year high on Thursday as concerns persisted that central bank actions to drive down high inflation would crimp global economic growth, boosting the currency's safe-haven appeal.
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