News list for " Daley"
Mr. Daly said Mr. Trump's policies should be assessed patiently. On the same day Mr. Barr, vice-chairperson of financial regulation, said the use of generative artificial intelligence could "lead to herd behaviour and concentration of risk, potentially exacerbating market volatility". Click to view...
In prepared remarks, Mr. Daly called for changes in bank regulation but stopped short of commenting on monetary policy and the economy, saying the cumulative impact of rules and regulations had to be considered and more community banks said regulation was not working for them.
Mr. Daley said the Fed did not need to pre-empt, still needed to return inflation to its 2 per cent target and needed to assess the "scope, scale and timing" of Mr. Trump's policies.
Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not gold, and were complex and not ready to become "money".
Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not confused with gold as is often the case, and were complex and not yet ready to become "money". "I think cryptocurrency is a complicated thing, and the service we need to provide for everyone is to really decipher what it means, and once we do that, we can define it," Daly said.
The Fed's Daley will speak in ten minutes; the total number of oil rigs for the week to December 6 in the United States will be released in ten minutes.
1. Daley of the Federal Reserve: Interest rate cuts in December are still under consideration. 2. The Shanghai headquarters of the Central Clearing Corporation and the Shanghai Financial Industry Federation jointly released the "Yangtze River Delta Green Bond Development Report (2024) ". 3. The bond market is picking up, the net value of more than 2,200 bonds has reached a new high, and large-amount subscriptions have been opened again. 4. The Ministry of Finance will issue 6 billion yuan of gov...
Fed Daly: The economy is clearly in better shape. Inflation has fallen sharply and the labor market has returned to a more sustainable trajectory. (Golden Ten)
Fed Daly said that the Federal Reserve will continue to adjust policy to adapt to the economic situation; it is expected to continue to cut interest rates in the future; it has not seen any reason to stop cutting interest rates; monetary policy is certainly still tight; it does not want to see further deterioration in the labor market; the Fed's recent rate cuts passed only by a narrow margin, and I strongly supported a 50 basis point rate cut at the time.
