[１２日 ロイター] – San Francisco Fed President John Daly said on Thursday that a strong US economy, a tight labor market and too high inflation would suggest another rate hike by the Fed, but other factors such as tightening credit conditions could argue against a hold rate increases, he said.
In a speech in Salt Lake City, Utah, he said, “There are good reasons to think that policy may need to be tighter going forward to keep inflation down. There are good reasons to think the economy could continue to slow.”
This is the first time that Daly has spoken out since the turmoil following the collapse of two banks in the United States last month.
“Although the effects of the recent policy tightening have not yet fully sunk in, the strength of the economy and high inflation suggest there is more work to be done,” said Daily. “How far we go will depend on a number of factors, all of which mean considerable uncertainty about progress,” he said.
He said the banking system was healthy and resilient and the Fed’s response showed it was “committed to ensuring the safety of all deposits.” “We will continue to monitor the situation in the banking system closely and are prepared to use all necessary means, with financial institutions of all sizes, to maintain the safety and soundness of the system.”
