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SF Fed President Mary Daly on rate hikes, the economy and Silicon Valley Bank

From axios.com

Mary Daly, president of the Federal Reserve Bank of San Francisco, stopped by Axios' headquarters in Arlington, Virginia, on Monday to meet with several reporters and editors. Here are some key takeaways. The last time Axios interviewed Daly was a year ago, when the Fed was entering an aggressive phase of interest rate hikes. We asked where things stand now. • "We have definitely come a long, long way," she said. "We've raised over 500 basis points in a very short amount of time. And we're seeing the economy respond to that tightening." • "The housing market started to cool immediately. We now see goods price ... (full story)

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  • Category: Fundamental Analysis