Mary Daly, president of the San Francisco Fed, said in an interview with the Financial Times that the case for a half-point interest-rate hike in May has increased.
Daly’s... Mary Daly, president of the San Francisco Fed, said in an interview with the Financial Times that the case for a half-point interest-rate hike in May has increased. Daly’s comments follow a jobs report showing the U.S. added 431,000 jobs in March and the unemployment rate falling to a near half-century low.
50 bps is too little
Weakest fed president in the history of the universe. She’s so mediocre it’s not even funny. 100bps is what we need right now. Plus a complete stoppage of MBS purchases. No more games. Neutral rate is 3.5 and we’re at .47. Ur destroying American savers. Absolute disgrace!