Daly Says Fed Rate Path Uncertain Amid Iran Conflict
Daly says the Iran conflict makes the path for interest rates unclear. A long conflict could raise inflation and weaken the labor market simultaneously.
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San Francisco Federal Reserve Bank President Mary Daly stated on Monday that the future trajectory of interest rates in the United States remains uncertain, largely contingent on the duration and resolution of the ongoing conflict in Iran. Daly emphasized that unless the geopolitical situation stabilizes quickly, allowing the Federal Reserve to overlook temporary spikes in energy costs, the central bank's next policy move is not yet determined.
