Fed’s Daly: Risks of over- and under-tightening roughly balanced

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<p>San Francisco Fed President Mary Daly noted overnight that the risks of over-tightening versus under-tightening are currently “roughly balanced”. The tightening of financial conditions, as indicated by surging treasury yields, may influence the extent of Fed’s policy adjustments. Daly noted, “If that’s tight, maybe the Fed doesn’t need to do as much. That’s why I […]</p>
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