• 34ºc, Sunny

Fed Daly: Recent inflation data is good, but not yet on target

The Federal Reserve's Daley said that recent inflation data in the United States are good, but the target has not been achieved; the labor market is returning to balance; there are double risks in monetary policy choices; the Federal Reserve still relies on data to set monetary policy; there is a risk of making mistakes by acting early or urgently; prices have not yet stabilized.