Federal Reserve Bank of San Francisco President Mary Daly stated that she is optimistically looking at the economic future of the United States. According to Daly, the recovery of the economy after the COVID-19 pandemic continues, and a sustainable growth is expected in the coming years. Furthermore, she noted that inflation rates are likely to decrease after the temporary acceleration.
According to Mary Daly's remarks, the Federal Reserve has already begun discussing the reduction of the quantity easing program, which indicates a confidence in the ability of the economy to sustain growth. Daly emphasized significant progress in labor participation and inflation, and expressed hope for the acceleration of this progress.
The U.S. dollar strengthened following the remarks of the Federal Reserve Bank of San Francisco President, while stock market indices showed growth. Overall, her comments elicited a positive reaction in the market, confirming confidence in the further development of the U.S. economy.
