Mary Daly, President of the Federal Reserve Bank of San Francisco

Speaking in a Q&A session

Comments along the lines we have to come expect from most Fed officials now. Nothing in the remarks to suggest any cessation of interest rate hikes yet to come.

You will have read just a few minutes ago (an hour?) that US President Trump is not happy: Trump: My biggest threat is the Fed

As Daly says though:

  • inflation at target
  • jobs market > full employment
  • growth strong

Thus … keep on hiking. Its just what the Fed does (despite the surging Federal debt and financial instability yet to come).