On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of San Francisco President and CEO Mary Daly stated that she was “not regularly aware” of the problems with Silicon Valley Bank (SVB) and said that doing this
On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of San Francisco President and CEO Mary Daly responded to a question on why the weaknesses in Silicon Valley Bank weren’t identified by stating that while there are
On Tuesday’s broadcast of “CNN Newsroom,” San Francisco Federal Reserve President and CEO Mary Daly stated that, despite rhetoric to the contrary, it’s “not a good time to be a worker,” because people are losing purchasing power and “real wages,
On Tuesday’s broadcast of “CNN Newsroom,” San Francisco Federal Reserve President and CEO Mary Daly stated that “people already are suffering. They’re suffering from the toll, the indignity of high inflation.” And people “can’t afford the things they could afford
During an interview with the Fox Business Network on Friday, San Francisco Federal Reserve President Mary Daly stated that she sees inflation coming down to around 2.5% by the end of 2023, and that around half of the high inflation
For the stock market, April has indeed been the cruelest month in part because it has seen a blossoming awareness that inflation is not going to die of exhaustion after hitting 40-year highs.
The yield curve uninverted on Tuesday morning. The proximate cause seems to be the hawkish inflation-fighting rhetoric now coming from typically “dovish” Fed officials.
