Fed s Daly says don t be fearful about too-high inflation - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
San Francisco Federal Reserve President Mary Daly on Friday said she expects a sharp rebound in economic activity once more people are vaccinated against COVID-19, but the Fed s work to bring more.
By Reuters Staff
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FILE PHOTO: Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S., November 12 2018. REUTERS/Ann Saphir./File Photo
(Reuters) - San Francisco Federal Reserve President Mary Daly on Thursday said it would be dangerous to pick just one benchmark against which to measure the U.S. central bank’s full employment goal, because it could drive the Fed to raise interest rates before the economy reaches its full potential.
“There’s a danger in computing a number and saying, that means we are there,” Daly said at a Shadow Open Market Committee virtual event, adding that the Fed needs to look at a range of indicators, a “dashboard” of metrics. The Fed last year said it would target maximum, “inclusive” employment, but it does not define that state numerically, as it does with its 2% inflation goal.
Idaho Legislature shouldn’t punish postsecondary institutions By: Rod Gramer January 6, 2021 Comments Off on Idaho Legislature shouldn’t punish postsecondary institutions
Rod Gramer
When Tom Mueller grew up in St. Maries his logger father hoped his son would follow in his footsteps. A guidance counselor urged him to become an airplane mechanic. But his math teacher asked if he was going to become an engineer.
Mueller replied no because he didn’t know what an engineer was. The teacher then asked a question that change Mueller’s life: “Do you want to be the guy who fixes the plane or the guy who designs it?”
Guest Opinion: Work force depends on strong postsecondary ed institutions clearwaterprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from clearwaterprogress.com Daily Mail and Mail on Sunday newspapers.