Fed's Daly Discusses U.S. Economic Challenges and Tariff Impact

According to Odaily, Federal Reserve's Daly has expressed concerns that the U.S. economy might be facing challenges due to weak demand, while inflation related to tariffs appears to be under control. Although Daly is not a voting member of the Federal Open Market Committee, she did not specify what actions might be taken at the upcoming December meeting. She emphasized the importance of maintaining an open mind and thoroughly examining evidence from both sides of the debate to formulate effective policies. Daly noted that, so far, the impact of tariffs has been largely confined to goods, with minimal spillover into service sector inflation or inflation expectations, which remain relatively anchored near the target.