Fed's Daly: Economy is experiencing negative demand shock with inflation under control
Nov 10, 2025
#Macro
On November 10 (UTC+8), Federal Reserve's Daly said that the U.S. economy may be suffering from a slump in demand, while tariff-related inflation currently appears to be under control.
Daly is currently not a decision-maker on the Federal Open Market Committee, the central bank's rate-setting panel. Daly did not specify what action would be taken at the upcoming meeting in December, saying, "To get policy right, you need to keep an open mind and dig deep into the evidence on both sides of the argument."
Daly said, "So far, the impact of tariffs has been largely confined to goods, with little spillover to services inflation or inflation expectations, which remain relatively firmly anchored near our target."
[Golden Ten Data]