Mary Daly, President of the Federal Reserve Bank of San Francisco: Complex and intricate conflicts may "amplify the trade-off dilemmas of monetary policy"

华尔街见闻2026/03/23 20:34

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Given the risks faced, the Federal Reserve needs to maintain policy flexibility. Providing too much forward guidance would pose the risk of a "certainty illusion." Admitting uncertainty is the best communication (strategy).

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Mary Daly, President of the Federal Reserve Bank of San Francisco: Complex and intricate conflicts may "amplify the trade-off dilemmas of monetary policy"

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