Fed's Daly: Economy experiencing negative demand shock with inflation under control

OdailyNov 10, 2025
#Macro
According to Daly of the Federal Reserve, 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, a voting member of the U.S. central bank. 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 into services inflation or inflation expectations, the latter of which remains relatively firmly anchored near our target."

[Odaily Planet Daily]

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Fed's Daly: Economy experiencing negative demand shock with inflation under control

OdailyNov 10, 2025
#Macro
According to Daly of the Federal Reserve, 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, a voting member of the U.S. central bank. 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 into services inflation or inflation expectations, the latter of which remains relatively firmly anchored near our target."

[Odaily Planet Daily]

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