Today at 8:55 AM | Dollar

San Francisco Fed President emphasizes US economic resilience amid policy shifts

San Francisco Fed President emphasizes US economic resilience amid policy shifts

President of the Federal Reserve Bank (Fed) of San Francisco Mary Daly asserts that the US economy's resilience is prompting officials to exercise caution as they await new data. These reports are about to reveal the effects of Donald Trump's policies on businesses and households. 

According to Daly, the labor market in the United States is currently stable, and inflation is gradually decreasing. Speaking at a conference hosted by the California Bankers Association, she identified these factors as key to achieving sustainable GDP growth rates in the country.

The current monetary policy in the US is moderately restrictive and can respond quickly to economic changes, especially given Trump's ongoing tax and trading reforms, the official noted. 

Last week, Fed representatives decided to keep borrowing costs on hold. Some experts anticipate a rise in unemployment and inflation in the near future, as reported by Bloomberg.

Elena Berseneva MarketCheese
Period: 16.05.2025 Expectation: 600 pips
AUDUSD will resume growth to 0.64900
Today at 10:59 AM 21
Period: 24.05.2025 Expectation: 4240 pips
USDJPY could extend its rally toward target level of 150.30
Today at 08:56 AM 24
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 23.05.2025 Expectation: 45000 pips
ETHUSD pulls back ahead of new growth wave
Today at 08:54 AM 24
Period: 25.05.2025 Expectation: 156 pips
Selling natural gas with target of 3,300 amid lower demand due to mild weather
Today at 06:43 AM 19
Period: 15.05.2025 Expectation: 1150 pips
EURUSD is expected to decline to 1.10800
Yesterday at 11:04 AM 65
Period: 22.05.2025 Expectation: 2720 pips
USDCAD pair aims for recovery after local decline
Yesterday at 08:06 AM 40
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Go to forecasts