Daley warns against declaring the end of the inter

Aihuicha, November 16: San Francisco Fed chairman Daley warned that if he announced a victory in the fight against inflation too early and then had to raise interest rates again, it would endanger the credibility of the Federal Reserve. She said the recent economic data showing a further slowdown in inflation was "very, very encouraging" and showed that the Fed's policy was effective. But Mr. Daley declined to rule out another rate hike because it was uncertain whether the central bank had done enough to bring CPI growth to its target of 2%. Mr. Daley said the Fed should "think carefully, take your time, don't rush to judgment and don't make statements.". Daley also said the risk of excessive monetary tightening was roughly balanced by the risk of taking too little and stabilizing inflation at a higher level.